Market and technology factors are creating disruption in credit unions’ key customer segments and offerings. Combined with continued lobbying by large banks to discontinue their tax exempt status, credit unions need to distinguish themselves to compete against banks and non-traditional financial institutions.
In this first of our three-part series, Baker Tilly examines the credit union industry and addresses what we believe to be the top three ‘game changers’ for credit unions to compete and grow. They are today’s most important market factors that credit unions can no longer ignore. They present not only challenges, but opportunities for growth.
For more information on this topic, or to learn how Baker Tilly growth strategy specialists can help, contact our team.