Credit Union Merger Approvals – February 2018

NCUA 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!

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

FTC Announces New Premerger Notification Thresholds For 2018

FTC Merger Prenotification 2017

In addition to explaining the filing requirements for credit union mergers, the Hart-Scott-Rodino Antitrust Improvements Act (HSRA) requires an annual update to the FTC premerger notification threshold. The threshold, based on the company’s relevant assets, is used to… Read More

Top Financial Industry Performers Win with Intelligence

Customer Centricity

The onslaught of fintech on traditional financial institutions (FIs) continues at a dizzying rate.  In Q1 of 2017 alone, $2.7B was invested in 226 deals.  Those fintech firms creating significant disruption in the financial sector have built their… Read More

Not A Wall Street Merger – A Uniquely Credit Union Merger

Not A Wall Street Merger

Suddenly, the crowd erupted. Tears started flowing. Members and staff alike shouted aloud in celebration of victory.  These weren’t tears of sadness, but tears of joy.  Board members, staff and members embraced each other with warm hugs. In… Read More

Credit Union Merger Approvals – August 2017

Credit Union Mergers - September 2017

NCUA approved 21 mergers in August 2017 which increased from 11 last month. The number of mergers are up and the combined assets of merged credit unions are up nearly $476M compared to last month.  For the month… Read More

No Time to Manage a Merger?

In any business, the day-to-day happenings are usually more than enough to fill a staff member’s full-time work schedule. Everybody’s operating on overdrive already, and the mere thought of adding another task to the to-do list is simply… Read More

Survive or Thrive? – The Question Credit Union Leadership Must Answer

Credit Union - Survive or Thrive?

In a perfect world, every business would be built to last forever, but that’s simply not the way things go. Competition ebbs and flows, some industries flourish, some companies flounder. In the credit union world, leaders are rapidly… Read More

Credit Union Merger Approvals – February 2017

Credit Union Merger Approvals - February 2017

NCUA approved 14 mergers in February 2017 which decreased from 21 last month. The number of mergers are down and the combined assets of merged credit unions are down nearly $990M compared to last month.  For the month… Read More

Can The Network Credit Union Model Help You Compete?

Network Credit Union Model

The National Credit Union Association has suggested in more than one article that small credit unions should at least consider the idea of a network merger in the context of potentially creating partnerships with multiple small credit unions… Read More

Mergers Offer Opportunities for Credit Union Members, Employees

Mergers Offer Opportunities For Employees

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

Credit Union Mergers & Real Estate Due Diligence

Credit Union Mergers & Real Estate Due Diligence

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

How Small Credit Unions Benefit From Mergers

Small Credit Unions Benefit From Mergers

Today’s financial market is extremely competitive and most smaller banks and credit unions face a difficult uphill battle in trying to survive among their larger competitors. The larger a credit union is, the more resources it has at… Read More

Instant Gratification Through Mergers

Mergers Provide Instant Gratification

Small credit union managers can be forgiven for feeling a little stressed. They regularly face one of the most challenging jobs in the financial industry: trying to operate a small, community credit union in the same field as… Read More

Should Credit Unions Grow For Growth’s Sake?

Growth for growth's sake

“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

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

Credit Union Mergers – September 2016

  NCUA approved 19 mergers in September 2016 which stayed the same from 19 last month. The difference is that there is one credit union, Northwood, that merged 4 tiny credit unions this month. While the number of… Read More

5 Steps To Merger Success

5 Steps To A Successful Credit Union Merger

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

5 Ways Members Benefit From A Credit Union Merger

5 Ways Members Benefit From A Credit Union Merger

The beautiful thing about a credit union merger is that everyone enjoys positive change, including the consumers. Member merger benefits range from financial to technological and greatly outweigh any potential negatives that might result from a merger. Many… Read More