CEO Advisory GroupToo Many Credit Unions Lack a Merger Policy
There are two potential approaches that credit unions can take to address merger opportunities: proactive or reactive. A proactive approach entails having a structured policy in place for uncovering and considering potential merger opportunities. A reactive approach often… Read More
Credit Union Guidelines for Merger Proposals
Has your board of directors developed a former merger policy or guidelines for considering a merger? If you answered “no”, you’re not alone. According to a study conducted by CEO Advisory Group, an overwhelming majority of boards do… Read More
Mergers Dismissed Without Consideration
When a credit union is faced with a merger, it’s also faced with the ability to strategically align itself against competing for financial institutions. Mergers enable credit unions to incorporate the best technologies for both their employees and… Read More
The Value of a Structured Merger Process
Would a Merger Risk Your Control, Quality, and Culture — or Boost Your Market Position? For some, mergers are an exciting opportunity for growth. For others, it means a loss of control, quality and culture. Yet, in almost… Read More
Every Credit Union Needs A Growth Plan
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
5 Steps To Merger Success
As a credit union leader, you should always have your eye on the competition. In today’s aggressive market, it’s not always just about making your credit union better than the rest; knowing who your greatest competitors are can… Read More
Mergers: A Key Topic for Director Education
It seems mergers are always a topic of discussion in the credit union world these days. Interestingly enough, however, despite the constant conversation around the topic, many credit union leaders are unprepared when they’re actually face-to-face with decisions… Read More
7 Teams For Your Credit Union Merger
The credit union merger process is relatively complex and needs careful management to ensure a successful outcome. Apart from the merger team that oversees the entire process, a number of subsidiary teams are needed, each handling a different… Read More
As an Acquiring Credit Union Who Should Be On Your Merger Team?
The process of merging credit unions must be carefully managed to ensure the combined credit union is financially stronger and that it benefits all members. It’s essential the credit unions are a good fit, that there is agreement… Read More