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Credit unions merge: Are the smaller lenders disappearing?

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Australian Broker | 28 Nov 2013, 07:00 AM Agree 0
Yet another regional credit union has announced it's considering merging with a bigger player, while 90% of those in the sector believe the industry will soon shrink to less than 90 institutions
  • Country Broker | 28 Nov 2013, 10:23 AM Agree 0
    The Credit union in Swan Hill would be very small and vulnerable as the population in the whole district would be at the most 10,000 .
    The would basically be a survival option for the board . I do not think you could even classify them as a small non bank , it is an old community credit union.
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