The case of the disappearing credit union

Now you see ‘em, now you don’t.

Somehow it feels as though I am writing a period novel about the disappearance of an entire type of financial institution right in front of the eyes of millions – executives, regulators, consumers, and just maybe you too, dear reader.

Surely that plot is too strange to be believed.

But exactly this may in fact be happening.

The nation’s credit unions are in real trouble.

Trouble as in life or death.

It starts with superficially good news.  Mergers in 2018 were down from the prior year.  Trumpets blare at NCUA HQ.

 

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