CEO Advisory GroupDigital Is Becoming More Important in Merger Considerations
Digital has been an absolute game-changer in the financial services market. Credit unions in the aggregate are doing a fine job keeping pace with the competition, offering comprehensive online banking services, responsive mobile apps, and the latest technology… Read More
CEO Perspective – Obstacles to Mergers
We’ve talked about the people or groups of people who are sometimes averse to considering a merger when a potential partner presents itself, but we haven’t really addressed the merger obstacles that often keep leaders from considering integrating… Read More
Important Factors in Assessing a CU Merger
Credit union mergers have become increasingly more common. From the 23,000 credit unions that existed at their peak in 1969 to the 5,200 credit unions that existed as of 2020, the industry has seen a lot of shift…. Read More
Is Now the Right Time for Your Credit Union to Consider a Strategic Merger?
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
The Anatomy of an Ideal Credit Union Merger Partner
Credit union mergers and acquisitions have been on the rise for several years. In fact, credit unions have been merging at the rate of 2.9 percent per year since the industry reached its peak in 1969 with nearly… Read More
Seven B.C. Credit Unions Explore Forming a “Regional Amalgamation”
In this atmosphere of hyper-competition in the financial services industry, credit unions throughout North America are exploring the potential of strengthening their positions through beneficial consolidations and mergers. In British Columbia, the potential benefits of a major consolidation… Read More
Executive Compensation In A Merger
The success of credit union mergers is largely dependent upon CEOs’ perceptions of the process. There are typically many unknowns when a credit union is first approached as a merger partner. Of course, human nature tends to fear… Read More
Overcoming The Fear Of Merger
If your credit union has never been through a merger before, the entire idea can be frightening for everyone involved, from the C-suite to the newest employees. There are a lot of unknown aspects, and credit union leaders… Read More
The Merged CEO’s Future After The Merger
CEOs have several great pathways in a credit union merger. Learn about the options and process for securing a great future through a merger, whether it be continued employment or retirement.
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
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?
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
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
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
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
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?
“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
Credit Union Mergers Enhance Members’ Financial Lives
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
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
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