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Editor’s Column: Dirty Data Dumps on Credit Unions

In the aftermath of the NCUAs release of second-quarter data, several interesting pieces made their way to my inbox last week. One analysis that stirred quite a bit of debate came from The Financial Brand, stating that if current merger and closure trends continue, there will be half the...

By Sarah Snell Cooke | Updated on September 10, 2012

In the aftermath of the NCUA’s release of second-quarter data, several interesting pieces made their way to my inbox last week. One analysis that stirred quite a bit of debate came from The Financial Brand, stating that if current merger and closure trends continue, there will be half the number of credit unions in existence two decades from now.

The stat just stands there, neither positive nor negative. It’s simply exhibited naked to the world. The number of credit unions with less than $100 million in assets has declined by more than 2,200 between 2007 and 2012. Meanwhile, the credit unions with more than $1 billion in assets have increased by 71 to 194, but they only represent 2.7% of credit unions. Credit unions under the $100 million threshold represent 79.6% of credit unions, down from 85%, according to The Financial Brand.

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