Strategic Mergers Help Credit Unions Survive — and Thrive — in a Tough Economy

Credit Union Consolidation in a Tough Economy

With nearly half of CU executives saying a lack of resources prevent them from bringing innovations to market, CUs are stuck piloting the digital innovations their members crave — and are willing to switch FIs for. The rise of strategic mergers is a way that some CUs are exploring to pool resources, innovate and drive scale. Read more in the “Credit Union Tracker®,” a collaboration with PSCU.

Inside the August Tracker
  • CUs’ market niche has come under threat in recent years as consumers begin to abandon brick-and-mortar banking services in favor of digital banking.
  • CUs have hesitated to implement instant payment rails, but FedNow’s direct-to-Fed accounts have made this system more appealing.
  • This month’s PYMNTS Intelligence examines why CUs are merging to pool resources and survive in a rapidly changing financial environment.

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    Credit Union Tracker® - August 2022
    Credit Union Tracker® - July 2022
    Credit Union Tracker® - June/July 2022
    Credit Union Tracker® - June 2022
    Credit Union Tracker® - April 2022
    Credit Union Tracker® - March 2022
    Credit Union Tracker® - February 2022
    Credit Union Tracker® - January 2022
    Credit Union Tracker® - December 2021
    Credit Union Tracker® - November/December 2021
    Credit Union Tracker® - October 2021
    Credit Union Tracker® - September 2021
    Credit Union Tracker® - August 2021
    Credit Union Tracker® - July 2021
    Credit Union Tracker® - June 2021
    Credit Union Tracker® - May 2021
    Credit Union Tracker® - April 2021
    Credit Union Tracker® - March 2021
    Credit Union Tracker® - February 2021
    Credit Union Tracker® - January 2021
    Credit Union Tracker® - December 2020
    Credit Union Tracker® - November 2020
    Credit Union Tracker® - October 2020
    Credit Union Tracker® - September 2020
    Credit Union Tracker® - August 2020
    Credit Union Tracker® - July 2020
    Credit Union Tracker® - June 2020
    Credit Union Tracker® - May 2020
    Credit Union Tracker® - April 2020
    Credit Union Tracker® - March 2020
    Credit Union Tracker® - February 2020
    Credit Union Tracker® - January 2020
    Credit Union Tracker® - December 2019
    Credit Union Tracker® - November 2019
    Credit Union Tracker® - October 2019
    Credit Union Tracker® - September 2019
    Credit Union Tracker - August 2019
    Credit Union Tracker® - July 2019
    Credit Union Tracker® - June 2019
    Credit Union Tracker® - May 2019
    Credit Union Tracker™ - April 2019
    Credit Union Tracker™ - March 2019