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Credit Union-To-Bank Conversions Declining

Friday, January 14, 2011 - 3:53 PM
From the Credit Union National Association Now News:
2010 was a year without a single credit union-to-bank conversion, and it arrived on the heels of two years in which only one such conversion per year occurred. News Now, sniffing a trend, decided to look closer and noted a decline in conversions since they peaked at eight conversions in 2001.

One reason mentioned in the article for the decline was the low demand for bank stocks. You have to wonder if the hope for big payoffs was the main reason for past conversions.
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Ken TuminKen Tumin5,469 posts since
Nov 29, 2009
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