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

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

NCUA approved 21 mergers in January 2017 which increased from 18 last month. There is one credit union, Pentagon, that merged 3 smaller credit unions this month. Pentagon Credit Union also acquired 2 credit unions last month. The… Read More

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

NCUA approved 18 mergers in December 2016 which stayed the same from 18 last month. The difference is that there is one credit union, Indianhead, that merged 4 tiny credit unions this month. The number of mergers are… Read More