CEO Advisory GroupHow Receptive Is Credit Union Leadership to a Merger?
In the world of credit unions, mergers are an essential part of growing and staying relevant. In fact, a well-planned merger can actually help you gain a significant competitive advantage. With that said, it seems some leaders are… Read More
5 Themes – Conversations With CU Leaders
Based on calls we have received over the last month, there is no doubt credit union leaders believe our business will be forever changed after COVID-19. The thoughts these leaders shared with us can generally be categorized into… Read More
Aligning Executive Compensation With Member Interests In A Merger
When a change in control occurs in a credit union, the board of directors must consider the best interests of its members. This means not only ensuring the financial health of the organization is stabilized, but also putting… Read More
Credit Union Merger Approvals 2Q 2019
NCUA approved 31 mergers in Q2 of 2019 which increased from 28 last quarter. The combined assets of merged credit unions is $2.1B, which compares to $1.3B last quarter and $800M year ago. The mean and median assets… Read More
When Prospective Partners Come Knocking
New White Paper Explores Obstacles to CU Merger Proposals ‘When Prospective Partners Come Knocking’ Although credit union executives and boards have a duty to consider members’ interests in all matters, other factors may take precedence when it comes… Read More
Credit Union Merger Approvals – May 2018
NCUA approved 19 mergers in May 2018 which increased from 12 last month. The number of mergers is up and the combined assets of merged credit unions are also up nearly $421M compared to last month. For the… Read More
Credit Union Merger Approvals – February 2018
NCUA approved 9 mergers in February 2018 which decreased from 20 last month. The number of mergers are down and the combined assets of merged credit unions are down nearly $378M compared to last month. For the month… Read More
Why Credit Unions Should Be Terrified!
New Research Results and Why Credit Union PERSONAs should be Terrified! Last article, we highlighted our new research on the Financial Industry. In it, we demonstrated how having a great NPS is NOT an indicator for future growth…. Read More
Credit Union Merger Approvals – January 2018
NCUA approved 20 mergers in January 2018 which increased from 8 last month. The combined assets of merged credit unions are up nearly $342M compared to last month. However, for the month of January, the total merged assets… Read More
FTC Announces New Premerger Notification Thresholds For 2018
In addition to explaining the filing requirements for credit union mergers, the Hart-Scott-Rodino Antitrust Improvements Act (HSRA) requires an annual update to the FTC premerger notification threshold. The threshold, based on the company’s relevant assets, is used to… Read More
Top Financial Industry Performers Win with Intelligence
The onslaught of fintech on traditional financial institutions (FIs) continues at a dizzying rate. In Q1 of 2017 alone, $2.7B was invested in 226 deals. Those fintech firms creating significant disruption in the financial sector have built their… Read More
Not A Wall Street Merger – A Uniquely Credit Union Merger
Suddenly, the crowd erupted. Tears started flowing. Members and staff alike shouted aloud in celebration of victory. These weren’t tears of sadness, but tears of joy. Board members, staff and members embraced each other with warm hugs. In… Read More
Credit Union Merger Approvals – August 2017
NCUA approved 21 mergers in August 2017 which increased from 11 last month. The number of mergers are up and the combined assets of merged credit unions are up nearly $476M compared to last month. For the month… Read More
No Time to Manage a Merger?
In any business, the day-to-day happenings are usually more than enough to fill a staff member’s full-time work schedule. Everybody’s operating on overdrive already, and the mere thought of adding another task to the to-do list is simply… Read More
Survive or Thrive? – The Question Credit Union Leadership Must Answer
In a perfect world, every business would be built to last forever, but that’s simply not the way things go. Competition ebbs and flows, some industries flourish, some companies flounder. In the credit union world, leaders are rapidly… Read More
Credit Union Merger Approvals – February 2017
NCUA approved 14 mergers in February 2017 which decreased from 21 last month. The number of mergers are down and the combined assets of merged credit unions are down nearly $990M compared to last month. For the month… Read More
Can The Network Credit Union Model Help You Compete?
The National Credit Union Association has suggested in more than one article that small credit unions should at least consider the idea of a network merger in the context of potentially creating partnerships with multiple small credit unions… Read More
Mergers Offer Opportunities for Credit Union Members, Employees
Banks are in business for profit, and their clientele are exactly that: customers fueling profits. The advantage of credit union banking has always been its customer service; “membership” is the advantage. Because of a credit union’s not-for-profit status,… Read More
Credit Union Mergers & Real Estate Due Diligence
Real estate holdings and leases are a big component in credit union mergers and can be one of the key advantages. For example, most institutions consider three to five years a reasonable time to reach break-even in a… Read More
How Small Credit Unions Benefit From Mergers
Today’s financial market is extremely competitive and most smaller banks and credit unions face a difficult uphill battle in trying to survive among their larger competitors. The larger a credit union is, the more resources it has at… Read More