Two Key Issues for Boards: Succession Planning and Merger Considerations

by Teresa Freeborn, Guest Writer Board succession planning is as important as executive succession planning, but often it’s simply not done because it’s not perceived to be urgent. Some board members seem to view their role as a… Read More

Succession Planning with an Eye Towards Mergers as an Option

Succession Planning & Mergers

CEO Advisory Group Explores Succession Planning And Mergers in Latest White Paper CEO Advisory Group explores the hot topic of succession planning in its latest white paper, including a discussion of when and why a merger may be… Read More

Digital 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

Too 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

Financial Accounting Standards Board Moving Forward with Changes to Merger Accounting Standards

If you’re pondering the best timing for a potential merger acquisition, then one of the issues you should consider is the Federal Accounting Standards Board’s ongoing consideration of changes to how delinquent loans and investments have to be… Read More

CEO Advisory Group is Lead Financial Advisor to Dort Financial CU in its Proposed Acquisition of Flagler Bank

CEO Advisory Advises Dort Financial Credit Union in Agreement to Acquire Flagler Bank

Dort Financial Credit Union, headquartered in Grand Blanc, Michigan, entered into a definitive agreement to acquire West Palm Beach, Florida based Flagler Bank. The transaction would grow Dort Financial Credit Union’s assets to nearly $2 billion.  Founded in… Read More

Does Your Board Governance Provide a Framework for Addressing Mergers?

Bridge - Board Governance in Merger

Most important decisions in life require a framework from which you can understand the full picture and gain insights regarding the pros and cons of the pathways that lay before you. This is certainly true in the credit… 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

M&A Trends in 2021

Exclusive Webinar for Credit Union Executives Following a lackluster year for mergers and acquisitions, the market is anticipated to heat up as consumer behavior evolves, economic conditions improve post-COVID-19, and the regulatory environment continues to change. Credit unions… Read More

Credit Union Merger Approvals 3Q 2020

CU Merger Approvals 3Q 2020

NCUA approved 34 mergers in Q3 of 2020 which increased from 25 last quarter. The combined assets of merged credit unions is $1.5B, which compares to $777M last quarter and $1.3B a year ago. The mean and median… Read More

Fiduciary Duty to Consider Merger Proposal

Fiduciary Duty - Main Image

When it comes to credit union regulations, leaders’ fiduciary duty to consider merger proposals is of the utmost importance. Why? Because it requires directors to act in good faith in the best interests of the membership, and in… Read More

Top 10 CU Acquirers by State

View the Top 10 credit union acquirers using our interactive chart and see which credit unions they have acquired since 2000.

Credit Union Merger Approvals – 2Q2020

NCUA approved 25 mergers in Q2 of 2020 which decreased from 34 last quarter. The combined assets of merged credit unions is $404M, which compares to $404M last quarter and $2.1B a year ago. The mean and median… Read More

Credit Union Merger Approvals 1Q 2020

Credit Union Merger Approvals

NCUA approved 34 mergers in Q1 of 2020 which increased from 32 last quarter. The combined assets of merged credit unions is $404M, which compares to $1.6B last quarter and $1.3B year ago. The mean and median assets… Read More

Important Factors in Assessing a CU Merger

Evaluating a Credit Union 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

How Receptive Is Credit Union Leadership to a Merger?

In the world of credit unions, mergers are an essential part of growing and staying relevant. In fact, a well-planned merger can actually help you gain a significant competitive advantage. With that said, it seems some leaders are… Read More

5 Themes – Conversations With CU Leaders

5 Themes - Conversations with CU Leaders During Convid-19

Based on calls we have received over the last month, there is no doubt credit union leaders believe our business will be forever changed after COVID-19. The thoughts these leaders shared with us can generally be categorized into… Read More

Is Now the Right Time for Your Credit Union to Consider a Strategic Merger?

Is Now the Right Time for Your Credit Union to Merge?

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

Aligning Executive Compensation With Member Interests In A Merger

When a change in control occurs in a credit union, the board of directors must consider the best interests of its members. This means not only ensuring the financial health of the organization is stabilized, but also putting… Read More

The Art and Science of Successful Credit Union Mergers

Merger. The very word can elicit strong emotions throughout the financial services industry, including credit unions. For some, it is viewed as an exciting opportunity for growth. For others, it is dreaded and feared as a loss of… Read More