You know the numbers. More credit unions are merging now and - crucially - more big credit unions are merging. I give you the marriage of $2,7 billion Capital Communications with $5.5 billion State Employees in Albany NY.
That takes your breath away.
But Peter Duffy, managing director at Piper Sandler, says in this podcast that - to paraphrase - you ain't seen nothing yet.
Size now is table stakes for survival in financial services.
Where once $100 million in assets was thought to be the scale needed for a credit union to survive, think much bigger now.
Duffy - a past guest on the podcast back in 2020 - shares his view from the field of what is happening in regard to mergers and credit unions and what to expect in a near-term future.
One takeaway: think merger and your institution. Because it just may be coming your way.
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