CEO Advisory GroupIs 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
5 HR 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
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?
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