AXIOS, August 15, 2024, Why Credit Unions Are Buying Banks
Between the lines: The key question here is whether growing via acquisition means that a credit union has lost sight of its nonprofit mission — or whether such acquisitions are a sign it’s pursuing that mission, of providing high-quality banking services to as many members as possible, as aggressively as it can.
The intrigue: Credit unions aren’t allowed to buy banks outright. Instead, they have to pay a premium for the bank’s assets.
