CEO Advisory GroupCredit 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
The Big Get 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
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
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
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
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
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
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
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?
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
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
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
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
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
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
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
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
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