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

NCUA Approved Credit Union Mergers – May 2015

Reversing a trend, the number of mergers is up compared to last year.  The NCUA approved 19 mergers in May 2015 which is up from the 16 mergers in May of last year. Not only were the number… Read More

Role of Board of Directors in Strategic Planning

Role of Credit Union Board of Directors in Strategic Planning

Directors of credit unions have the responsibility for setting the direction of the credit union and exercising overall control. As such, they are ultimately responsible for strategic planning and any other activities that contribute towards the overall financial… Read More

Time for a Strategic Planning Makeover?

Strategic Planning Makeover - Credit Unions

The Need for Change All industries face changes that require a strategic planning makeover, and the credit union industry isn’t much different. New market developments, client needs, along with various regulations, are most likely challenging you to find… Read More

NCUA Approved Credit Union Mergers – April 2015

Credit Union Mergers & Acquisitions April 2015

For the third month in a row the number of credit union mergers is down compared to last year.  The NCUA approved 25 mergers in April 2015 which is down from the 32 mergers in April of last… Read More

6 Growth Strategies for Small & Medium Credit Unions

Credit Union Growth

Sustained growth can seem insurmountable as a small credit union or medium-sized credit union in a large market. Nearly 80% of industry membership growth is attributed to the 435 credit unions with over $500 million in assets according… Read More

Credit Union Merger Approvals Up Slightly in March

The NCUA approved 12 mergers in March 2015 which is down from the 22 mergers in March of last year. The combined assets of the merged credit unions are $237 million.  The mean and median assets of merged… Read More

Top 20 Credit Union Mergers 2014

Largest Credit Union Mergers 2014

The 20 largest mergers approved by the NCUA in 2014 accounted for nearly $3 billion in assets.  This represented nearly 20% of the assets of the credit unions they merged into (continuing credit unions).  Mergers of equals are… Read More

NCUA Approves 8 Mergers in February

Credit Union Mergers February 2015

The NCUA approved 8 mergers in February 2015 which is half the number of mergers from February of last year. While there were not many mergers, the average size was relatively large compared to most months.  The combined… Read More

4 Merger Strategies Credit Union Directors Should Consider

Credit Union Merger Strategies for Directors

Mergers are transforming the credit union landscape.  It is, therefore, ever more important for credit union leadership to be addressing the impact of mergers as part of their strategic planning. The NCUA has clearly pronounced the duties of… Read More

January 2015 Merger Approvals

The NCUA approved 21 mergers in January 2015 which is up from the 12 mergers in January of last year. While credit union mergers continue to be primarily smaller credit unions, the January numbers were an aberration from… Read More

NCUA Approves 19 Mergers in December

The NCUA approved 19 mergers in December 2014 which is up from the 28 mergers in December of last year. Very small, boutique credit unions were absorbed in December.  The combined assets of the merged credit unions are… Read More

Are Mergers a Good Thing for Credit Union Members?

790 KGMI Radio Guest Host Mike Hudson recently invited Glenn Christensen, President of CEO Advisory Group, to participate on the show Saturday Morning Live.  Glenn and Mike discussed the credit union industry growth and how members and employees… Read More

NCUA Approves 22 Mergers in November

Credit Union Merger Approvals In November 2014

The NCUA approved 22 mergers in November 2014 which is up from the 17 mergers in November of last year. The combined assets of the merged credit unions are $434 million.  The mean and median assets of merged… Read More

Merger Approvals Peak Again in October

NCUA Merger Approvals October 2014

The NCUA approved 28 mergers in October 2014 which is the second highest merger approval rate for the year. The combined assets of the merged credit unions are $458 million.  The mean and median assets of merged credit… Read More

Merger is a Win for the Community!

Community Wins

Community wins in First West Credit Union’s and Island Savings’ recent announcement of intention to establish endowment in conjunction with their proposed merger.

NCUA Approves 20 Mergers in September 2014

The NCUA approved twenty (20) mergers in September 2014 which is down slightly from the previous two months. The combined assets of the merged credit unions are $393 million. The mean and median assets of merged credit unions… Read More

Proactive Collaboration is the Future of Credit Union Mergers

Proactive Collaboration is the Future of Credit Union Mergers

Credit Union 2.0: An Opportunity to Build Collaborative Partnership is an outstanding report by Filene Research Institute provided courtesy of the Credit Union Times. This report shows the power of collaborative mergers within the credit union movement.

August Merger Approvals Mostly Tiny Credit Unions

NCUA Approved Mergers August 2014

Just as last month the NCUA approved twenty-five (25) mergers in August 2014. However, the asset-size of mergers in August was much smaller. Combined the total assets of the credit unions was $236 million, which is less than a quarter of the assets merged in July. The mean and median assets were $9.5 million and $3.8 million, respectively….

NCUA Approves 25 Mergers in July 2014

25 Mergers Approved In July 2014

Two credit unions with assets exceeding $300 million (Endura Financial CU & State Employees CU) were among the 25 credit union mergers approved by the NCUA in July 2014. The merged credit unions represented over $1 Billion in assets. Three-quarters of the credit unions sited expanded services as the reason for growth.