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
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
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?
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
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
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
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
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
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
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
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
Credit Union Merger Approvals 2Q 2019
NCUA approved 31 mergers in Q2 of 2019 which increased from 28 last quarter. The combined assets of merged credit unions is $2.1B, which compares to $1.3B last quarter and $800M year ago. The mean and median assets… Read More
When Prospective Partners Come Knocking
New White Paper Explores Obstacles to CU Merger Proposals ‘When Prospective Partners Come Knocking’ Although credit union executives and boards have a duty to consider members’ interests in all matters, other factors may take precedence when it comes… Read More
Credit Union Merger Approvals – May 2018
NCUA approved 19 mergers in May 2018 which increased from 12 last month. The number of mergers is up and the combined assets of merged credit unions are also up nearly $421M compared to last month. For the… Read More
Credit Union Merger Approvals – February 2018
NCUA approved 9 mergers in February 2018 which decreased from 20 last month. The number of mergers are down and the combined assets of merged credit unions are down nearly $378M compared to last month. For the month… Read More
Why Credit Unions Should Be Terrified!
New Research Results and Why Credit Union PERSONAs should be Terrified! Last article, we highlighted our new research on the Financial Industry. In it, we demonstrated how having a great NPS is NOT an indicator for future growth…. Read More
Credit Union Merger Approvals – January 2018
NCUA approved 20 mergers in January 2018 which increased from 8 last month. The combined assets of merged credit unions are up nearly $342M compared to last month. However, for the month of January, the total merged assets… Read More