HOBOKEN, N.J.–Visitors to www.cutimes.com ranked erosion of the credit union philosophy as the "greatest threat" to credit unions.
Far and away concern for the loss of the credit union philosophy came in at the top with 35.5% of respondents voting it as the biggest threat to the future of credit unions.
"Competition" came in a notable second capturing 19.7% of voters, while "removal of the tax-exemption" was a close third.Other threats to the future of credit unions included:
|- Economic pressures (13.1%)
- Leadership losses (7.4%)
- Bank conversions (7.0%).
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
