Episode 293: Update on Credit Unions

This episode examines multiple articles and blog posts to provide an update on credit union activity. Credit Unions set a record with 21 acquisitions of community banks in 2024. This trend is expected to continue in 2025. Credit Unions are using a subordinated debt rule to raise large amounts of money from Wall Street to carry out these transactions, which could be considered a conflict of interest. Furthermore, there is growing consensus among the public and in political circles that credit unions’ advantages in tax exemption and regulation need to be reexamined.