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

NCUA approved 18 mergers in November 2016 which decreased from 11 in October. For the month of November, the total merged assets are up 500 percent to $426 million compared to last year’s $85 million. That’s an increase… Read More

“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

Growth — It’s a word synonymous with success for most businesses. In the credit union world, however, growth isn’t necessarily as cut-and-dry as building a bigger balance sheet. In today’s competitive marketplace, financial institutions are often considered successful when… Read More

NCUA approved 11 mergers in October 2016 which decreased from 19 last month. The number of mergers declined the combined assets of merged credit unions are down nearly $196 million compared to last month.  For the month of… Read More