‘No joy below $10 billion’ leading to more credit union tie ups
A merger of equals recently announced in Florida could set the stage for more credit union M&A.
The current operating environment may be driving a growing number of credit unions to consider mergers.
That may be especially true for institutions below $10 billion in assets, which don’t benefit from the economies of scale as larger credit unions do.
“There is no joy below $10 billion,” a veteran M&A advisor told Tyfone. “I think you’re going to see more [M&A] because at every board meeting I’m doing they want to know about mergers,” he said.
Among the latest examples:
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