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.

NCUA to Host Merger Webinar

NCUA to host merger webinar

The NCUA’s Office of Small Credit Union Initiatives will host a free webinar on mergers on Wednesday, September 17th, 2014.

New Trend? Credit Union Acquires Bank

Tallahassee-based First Commerce CU acquires First National Bank ($85M) of Crestview, FL….

Members Win

As the services a credit union offers expands, it grows member roots deeper into the culture and future of the organization.

Employees Win

The future of credit union jobs teem with growth through benefits such as increased total compensation and a new range of career advancement opportunities

The Community Wins

The Community Wins

As a credit union’s potential expands, they have the ability to make a greater impact in the community.

The Credit Union Wins

Credit Union Wins!

More Together – more resources, services, branches, efficiency.

Everyone Wins

The great thing about credit union mergers is Everyone Wins!