CEO Advisory GroupImportant 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
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
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
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
5 Ways Members Benefit From A Credit Union Merger
The beautiful thing about a credit union merger is that everyone enjoys positive change, including the consumers. Member merger benefits range from financial to technological and greatly outweigh any potential negatives that might result from a merger. Many… 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
Millennials Are Key To Credit Union Growth
Millennials, that tenacious generation born during the late 80’s and through the 2000’s, are the driving force behind a significant upsurge in credit union growth. According to a study conducted by the TransUnion, the percentage number of millennials… Read More
The Challenge Of Keeping Up With Member Expectations
Consumers today know what they want. They do the research, shop around, and put due diligence into every decision they make. When it comes to their money, most consumers these days have a solid understanding in terms of… Read More
3 Technologies That Are Key To Your Credit Union’s Success
Have you ever stopped to think about how much technology you truly use in a day? The number of times you reach for your cell phone, rely on an app, and consult with the many computers that automate… Read More
Growth Is Costing Small Credit Unions A Marketing Fortune
The year 2014 was historic for membership growth. For the first time in the history of the movement, credit unions surpassed the 100 million mark in total membership. From a macroscopic perspective, our industry is on a roll…. Read More
Small Credit Unions Feeling Squeezed By Compliance Costs
In the world of financial services, modifications to regulatory governance can change rapidly. In fact, some would argue that each new day in the credit union business brings brand new changes that alter the industry from the way… Read More
Gaining Competitive Advantage Through Mergers & Acquisitions
In the business world, mergers and acquisitions are often something feared by the masses. Credit unions, however, operate under a different umbrella where these activities should be seen as advantageous rather than detrimental. As a leader in your… Read More
What Are the Members’ Benefits in a Credit Union 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
Are Mergers a Good Thing for Credit Union Members?
790 KGMI Radio Guest Host Mike Hudson recently invited Glenn Christensen, President of CEO Advisory Group, to participate on the show Saturday Morning Live. Glenn and Mike discussed the credit union industry growth and how members and employees… Read More
The Future of Credit Unions – Average CU $2 Billion in Assets
Strategic planning season once again upon us. It is occasionally helpful to take a big step back from the annual planning cycle and truly contemplate the long term future of the credit union industry and the strategic implications… Read More
2008 National Credit Union Growth Study
Results from the 2008 National CEO Growth Survey were combined with an in‐depth industry analysis of 5300 Call Reports conducted by CEO Advisory Group. This analysis of national trends data has helped us identify at least 7 significant variables that are demonstrating increased growth performance and potential “growth keys to success” for generating higher productivity.