Credit union mergers are producing greater cost efficiency and in cases where the acquiring CU is much larger than the target institution, members of the acquired CU benefit in lower loan rates and higher deposit rates, according to a new study issued this week by the Federal Reserve Bank of San Francisco.

“Credit Union Mergers: Efficiencies and Benefits” was written by an academic duo familiar to the Filene Research Institute and was issued by the economics research unit of the regional bank.

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