CEO Advisory GroupWhat Are the Members’ Benefits in a Credit Union 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
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
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
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
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
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
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
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?
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
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
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
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
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
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
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