5 Ways Employees Benefit From A Credit Union Merger

5 Ways Employees Benefit From A Credit Union Merger

It seems that most of the time when employees hear whispers of a merger, they instantly become uncomfortable and begin to worry about their future. In fact, just the word merger can be terrifying to a credit union… Read More

Credit Union Merger Approvals – March 2017

Credit Union Merger Approvals - March 2017

NCUA approved 8 mergers in March 2017 which decreased from 14 last month. The number of mergers are down and the combined assets of merged credit unions are up nearly $ 24M compared to last month.  For the… Read More

Can The Network Credit Union Model Help You Compete?

Network Credit Union Model

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

The 3rd Best Day of My Life

3rd Best Day of My Life - A Credit Union Merger

We lifted our glasses of champagne in celebration; After months of evaluating merger proposals from several credit unions, selecting a finalist, and completing the final negotiations my client could finally breathe a sigh of relief.  Leaning back in… Read More

How Small Credit Unions Benefit From Mergers

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

Instant Gratification Through Mergers

Mergers Provide Instant Gratification

Small credit union managers can be forgiven for feeling a little stressed. They regularly face one of the most challenging jobs in the financial industry: trying to operate a small, community credit union in the same field as… Read More

The Squeeze On Small Credit Unions

The Squeeze On Small Credit Unions

There was a time when a quaint, small credit union could compete with the bigger organizations in town. In simpler times, things were a lot different; however, today’s ultra-competitive credit union economy relies on economies of scale in… Read More

Should Credit Unions Grow For Growth’s Sake?

Growth for growth's sake

“We don’t want to grow just for growth’s sake.” It’s a comment I almost always hear during strategic planning sessions, and it reveals a potentially disastrous mindset. Growth isn’t an option to consider, but a necessity to start… Read More

Is Now the Right Time for Your Credit Union to Consider a Strategic Merger?

Is Now the Right Time for Your Credit Union to Merge?

One of the leading reasons credit unions engage in mergers is declining membership, according to a study conducted by the National Credit Union Administration (NCUA). It found that 47 percent of merging credit unions had negative member growth… Read More

Credit Union Mergers Enhance Members’ Financial Lives

Credit Union Mergers Increase Member Satisfaction

A white paper recently submitted by students of the Southeast CUNA Management School, “Perceptions and Realities Surrounding Credit Union Mergers,” has revealed some interesting research and analysis in support of the mergers and acquisitions trend that’s been experienced… Read More

Credit Union Succession Planning Options

Credit Union Succession Planning Options

From the very day a credit union is founded, planning for the future should always be on the agenda. While the economy will certainly hit ebbs and flows along the way, a successful credit union will have plans… Read More

Credit Union Mergers: Maximizing Benefits & Best Practices

Credit Union Mergers: Maximize Benefits & Best Practices

You have a lot to celebrate when you’ve created a credit union that is successful enough to be sought after by larger financial institutions. All of your hard work and due diligence can pay great dividends in the… Read More

Optimizing Credit Union Financial Health & Avoiding Merger Pitfalls

Merger Opportunities and Warning Signs

The word “merger” can incite a variety of feelings, emotions, and opinions from credit union leaders. Ideally, credit union board and executive team members have steadily been working to build an organization which is financially healthy and contributes… Read More

What Are the Members’ Benefits in a Credit Union Merger?

Credit Union Members' Benefits in Merger

To those on the outside, a credit union merger can seem like a scary proposition. When you and your board position your credit union for a merger with another, one of the major concerns is how members will… Read More

5 Strategies to Position Your Credit Union for Success with Millennials

Position your credit union for millennial generation with a merger

The World Council of Credit Unions reports that the average age of members to credit unions is 47 in U.S. This makes drawing in Millennials more important than ever as aging members reach retirement. With current membership in… Read More

Wake-Up Call

Wake-Up Call for Merger

The recession of the last two years has been a wake-up call for the credit union industry. Despite the continuing troubling signs in the economy and for individual credit unions’ financial performance, credit union boards and management keep… Read More

Evaluating Leadership Quality in Succession Planning

Credit unions will be experiencing unprecedented change in their leadership over the next five years. With the current economic climate and competitive landscape, selecting and nurturing strong leadership has become imperative for credit unions’ future success. In their succession planning credit unions must account for leadership quality.