Costs and Consolidations

In Credit Union Costs and Conslidations Filene Fellow James Wilcox answers the question “Is there significant empirical evidence that credit unions can reduce their costs by operating at a larger scale?”

Findings include:

• Differences in average performance across credit unions of different sizes have risen over the last two decades.
• A large fraction of credit unions, as measured by assets, are involved in mergers in any give year.
• Scale matters, but it is not the only thing that matters.