Credit Unions and Community Banks Struggle to Stay Relevant

Credit Unions and Community Banks Struggle to Stay Relevant

I don’t care what state you are in, there are three large banks that dominate the market share. And you are fighting hundreds of other financial institutions for their scraps.

From 2015 to 2016, there were 237 fewer credit unions and 228 fewer banks. You’re not just fighting for big bank table scraps, you’re not just fighting for new customers and members, you are fighting to stay alive!!!

Here are 4 Ways to Stay Relevant: https://marketmatch.com/2018/04/11/credit-unions-and-community-banks-struggle-to-stay-relevant/

Douglas Knuth

Fractional CxO | Creative | Innovative | Brand and Business Strategy Expert

6 年

You have to admit banks have found it easier to grow through accretion than "work" toward organic growth. That is a hard habit to break. Technology levels the playing field but few if any community banks, or regionals, are differentiating in that way.

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