Millennials Are Key To Credit Union Growth

Millennials and Credit Unions

Millennials, that tenacious generation born during the late 80’s and through the 2000’s, are the driving force behind a significant upsurge in credit union growth. According to a study conducted by the TransUnion, the percentage number of millennials… Read More

Credit Union Mergers – June 2016

NCUA Approved Credit Union Mergers June 2016

NCUA approved 16 mergers in June 2016 which is up from 10 last month. The number of mergers are up and the combined assets of merged credit unions are also up nearly $10 million compared to last month.  Compared to… Read More

The Challenge Of Keeping Up With Member Expectations

Challenge Of Keeping Up With Credit Union Member Expectations

Consumers today know what they want. They do the research, shop around, and put due diligence into every decision they make. When it comes to their money, most consumers these days have a solid understanding in terms of… Read More

3 Technologies That Are Key To Your Credit Union’s Success

3 Technologies That Are Key To Your Credit Union's Success

Have you ever stopped to think about how much technology you truly use in a day? The number of times you reach for your cell phone, rely on an app, and consult with the many computers that automate… Read More

Credit Union Mergers – May 2016

NCUA Approved Credit Union Mergers May 2016. Attribution: Anna Jedynak / Shutterstock.com

Mergers approvals were down by half in May.  NCUA approved 10 mergers in May 2016 which are down from 20 the previous month. The number of mergers are down and the combined assets of merged credit unions are… Read More

Credit Union Succession Planning Options

Credit Union Succession Planning Options

From the very day a credit union is founded, planning for the future should always be on the agenda. While the economy will certainly hit ebbs and flows along the way, a successful credit union will have plans… Read More

Credit Union Merger Approvals – April 2016

Credit Union Mergers - April 2016

Mergers approvals were down slightly in April.  NCUA approved 20 mergers in April 2016 which are down from 23 last month. The number of mergers are down and the combined assets of merged credit unions are also down… Read More

9 Ratios For Evaluating Whether Your Credit Union Should Consider A Merger

9 Ratios For Considering Whether Your Credit Union Should Consider A Merger

A board’s responsibilities are all-encompassing, but at the foundation of every decision the board makes should be devising ways to deliver great value to members while ensuring the safety and soundness of the credit union. The following nine… Read More

The Big Get Bigger

Big Bigger

In a tumultuous digital financial landscape, today’s credit unions are better positioned than ever before. Memberships are on the rise as more and more individuals seek alternatives to the traditional, monolithic banking institutions of the past. Credit unions… Read More

Growth Is Costing Small Credit Unions A Marketing Fortune

Growth Is Costing Small Credit Unions A Marketing Fortune

The year 2014 was historic for membership growth. For the first time in the history of the movement, credit unions surpassed the 100 million mark in total membership. From a macroscopic perspective, our industry is on a roll…. Read More

Credit Union Merger Approvals – March 2016

Credit Union Mergers March 2016

Mergers approvals picked up in March.  NCUA approved 23 mergers in March 2016 which is the highest approval rate so far this year.  March credit union merger approvals is nearly twice the number of mergers from March of… Read More

Credit Union Merger Approvals – February 2016

Credit Union Merger Approvals - February 2016

Mergers approvals are off to a slow start this year.  The NCUA approved 15 mergers in February 2016 which is equal to the number of approvals from last month. Although a fairly low approval number it is nearly twice… Read More

Small Credit Unions Feeling Squeezed By Compliance Costs

Credit Union Regulatory Compliance Burden

In the world of financial services, modifications to regulatory governance can change rapidly. In fact, some would argue that each new day in the credit union business brings brand new changes that alter the industry from the way… Read More

Credit Union Merger Approvals – January 2016

Credit Union Mergers - January 2016

To begin the year NCUA approved 15 mergers in January 2016, which is down from the 20 mergers in December and 19 in January of last year. The combined assets of merged credit unions is down nearly $190… Read More

7 Teams For Your Credit Union Merger

Credit Union Merger Teams

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

Credit Union Merger Approvals – November 2015

Credit Union Mergers November 2015

Similar to last month the NCUA approved 19 mergers in November 2015, which is down from the 22 mergers in October of last year. The combined assets of merged credit unions is up nearly $50 million compared to… Read More

Is the Compliance Burden Driving your Credit Union to Consider a Merger?

Credit Union Regulations & Compliance

If you’re a leader in your credit union, compliance is certainly not a new issue. The compliance burden of today’s market is significant and costly; nor will it go away any time soon. If you feel like you… Read More

7 Elements of a Strategic Growth Plan

7 elements of a strategic growth plan

Strategic organizational growth doesn’t happen by accident, or without plenty of care and nurturing. This is especially true with credit unions, where members benefit from growth, not third-party stockholders. Creating an intentional and forward-thinking strategic growth plan is… Read More

NCUA Approves 19 Mergers in October

The number of mergers is down compared to last month and year.  The NCUA approved 19 mergers in October 2015, which is down from the 28 mergers last month and 28 in October of last year. The combined… Read More

Gaining Competitive Advantage Through Mergers & Acquisitions

Gaining Competitive Advantage Through Mergers & Acquisitions

In the business world, mergers and acquisitions are often something feared by the masses. Credit unions, however, operate under a different umbrella where these activities should be seen as advantageous rather than detrimental. As a leader in your… Read More