CEO Advisory GroupNCUA 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
Mergers May Be In Your Employees’ Best Interest, and Here’s Why
On the whole, credit unions are well known for taking care of not only their members, but their employees, too. There are all sorts of reasons for that, of course, with one of them being that employees who… 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
Merger Approvals Peak Again in October
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 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
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.
The Future of Credit Unions – Average CU $2 Billion in Assets
Strategic planning season once again upon us. It is occasionally helpful to take a big step back from the annual planning cycle and truly contemplate the long term future of the credit union industry and the strategic implications… Read More
August Merger Approvals Mostly Tiny Credit Unions
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
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
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….