PONTE VEDRA BEACH, Fla. — Perhaps they had heard the statistics–some 300 credit unions, or almost one a day, were merged out of existence last year.

By 2020 projections indicate there will be 3,800 credit unions in the United States, down from 23,100 in 1972. The top 3% of credit unions already control half of the industry's assets.

So a breakout session on coping with mergers drew a sizeable audience at the Education Credit Union Council annual conference.

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