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

Merger Success Begins with Soft Side Due Diligence

Merger Success Begins With Soft Side Due Diligence

Credit union mergers are beneficial not only for the acquiring institution, but also for the institution being acquired, and the members and employees of both. Unlike many other business consolidations, credit union mergers produce positive results for all… Read More

Credit Union Merger Approvals September 2015

Credit Union Merger Approvals - September 2015

The number of mergers is up compared to last month and year.  The NCUA approved 28 mergers in September 2015, which is up from the 16 mergers last month and 20 in September of last year. The combined… Read More

3 Ways a Merger Can Help Your Credit Union Capture More Business

3 Ways a Merger Can Help Your Credit Union Capture More Business

An economic research by the Federal Reserve Bank of San Francisco published in September, 2011 shows that in 1969, when there were 23,866 credit unions in the U.S.A., these unions’ assets totaled $16 billion. This was equivalent to… Read More

August Delivers 16 Credit Union Mergers

August 2015 Credit Union Mergers

The number of mergers is down compared to last month and year.  The NCUA approved 16 mergers in August 2015, which is down from the 20 mergers in July and 25 in August of last year. While the… Read More

3 Approaches to Succession Planning

3 Approaches to Succession Planning

Credit unions are facing an intense, competitive environment. Selecting a strong leader is paramount to the credit union’s success. The skills required of a Chief Executive Officer (CEO) have changed as banking moves to the digital age. Boards… Read More

Branches aren’t dead yet, invigorate your growth with mergers

Credit union branches and mergers

Chances are growth strategies will once again be the central topic of discussion at your strategic planning session this autumn. You’ve heard the prediction “branches are dead”. Stats show markets are over-branched. Banks are closing branches at a… Read More

5 HR Due Diligence Issues For Your Credit Union Merger

5 Due Diligence Issues for Your Credit Union Merger

No doubt you have examined the employee benefits of your credit union merger; noting the new organization will offer members better benefits and more opportunities. As you plan and work out the details, there are due diligence actions… Read More

NCUA Approves 20 Credit Union Mergers in July

Credit Union Merger Approvals - July 2015

Mergers declined in July compared to last month and a year ago.  The NCUA approved 20 mergers in July 2015, which is down from the 25 mergers in July of last year. Not only were the number of… Read More

What Are the Members’ Benefits in a Credit Union Merger?

Credit Union Members' Benefits in Merger

To those on the outside, a credit union merger can seem like a scary proposition. When you and your board position your credit union for a merger with another, one of the major concerns is how members will… Read More

5 Strategies to Position Your Credit Union for Success with Millennials

Position your credit union for millennial generation with a merger

The World Council of Credit Unions reports that the average age of members to credit unions is 47 in U.S. This makes drawing in Millennials more important than ever as aging members reach retirement. With current membership in… Read More

5 Tips For How Digital Marketing Can Help Your Credit Union Generate Loan Growth

Digital Marketing of Credit Union Loans - Merger as an Option

It’s a simple fact of life that virtually every successful credit union focuses on loan growth as a major strategic priority. Of course, the challenge lies in finding cost-effective and efficient ways to gain that growth in quality… Read More

Wisconsin Credit Unions Merge with Great Energy and Enthusiasm

Wisconsin Credit Union Merge - Video

Two Wisconsin based credit unions have taken the steps to be better together.  Community Credit Union, with $123 million in assets is merging into Verge, a Credit Union with just under $600 million in assets. Community CU is… Read More

5 Ways to Motivate Employees During a Credit Union Merger

Motivating Employees During Merger

Credit union mergers are common. According to the National Credit Union Association (NCUA), there were  19 mergers in May, 25 mergers in April, and 12 mergers in March. That doesn’t mean all mergers are successful.  Most merger failures… Read More

NCUA Approves 27 Mergers in June 2015

Credit Union Merger Approvals June 2015

  For the second month in a row the number of mergers is up compared to last year.  The NCUA approved 27 mergers in June 2015 which is up from the 20 mergers in June of last year…. Read More

Sustaining Employee Morale and Productivity During Merger

Sustaining Employee Morale & Productivity During Credit Union Merger

Credit union mergers are tough proceedings, both for leaders guiding the process and employees who are anxious over potential outcomes. Employee anxiety can lead to loss of morale, engagement and productivity while the merger proceedings are moving forward…. Read More