CEO Advisory GroupCredit 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
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
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?
“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
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
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
5 Ways Employees Benefit From Mergers
Just the term “merger” can send shivers through your employees – what will happen after two companies combine, and how will it affect you? Adversarial mergers form interesting themes in modern fiction, however, they can be an enormous… 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
Credit Union Mergers Enhance Members’ Financial Lives
A white paper recently submitted by students of the Southeast CUNA Management School, “Perceptions and Realities Surrounding Credit Union Mergers,” has revealed some interesting research and analysis in support of the mergers and acquisitions trend that’s been experienced… Read More
Credit Union Mergers – July 2016
NCUA approved 11 mergers in July 2016 which has decreased from 16 last month. The number of mergers are down and the combined assets of merged credit unions are also down nearly $77 million compared to last month. … Read More
Millennials Are Key To Credit Union Growth
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 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
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
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
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
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
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
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