Peach State Federal Credit Union CEO Marshall Boutwell recently weighed in on a recent merger in a Credit Union Journal article titled, “Already struggling, small CUs’ numbers further depleted by mergers.’
“It’s a cold, hard fact that small credit unions are going to sstruggle bechause of compliance, technology and other reasons,” Boutwell said. “If your assets are $10 [to] $15 [to] $20 million, and you’re not growing robustly, unless you are a niche player, the world has already passed you by. You should be looking for opportunities to fold in with other successful credit unions.”
To read the full Credit Union Journal article, click here.
Also featured in: The Credit Union Journal Online
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