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Increasingly, discussions at industry directors' conferences are gravitating towards the topic of mergers. Board members are curious about how their counterparts at other cooperatives are looking at mergers. The drastically changing competitive landscape has some boards doing a double take of their business model and wondering what it will take for their credit union to thrive, not just survive. According to the NCUA, 130 credit union mergers have been scheduled for member votes in 2024. ALM First's role in some of the like sized credit union mergers this year has provided us with insights into how some boards are opting to proactively accelerate their strategic position.
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