CEO Advisory GroupMerger 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….
Does Your Credit Union Need to Reinvent Its Swing?
Despite overwhelming success early in his career on the tour, Tiger Woods willingly took the risk of overhauling his swing in order to take him to the top of his profession. As credit unions enter the strategic planning process this year, credit union leaders also have the opportunity to reinvent their business strategies in order to take their credit unions to the next plateau of performance.
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
As a credit union’s potential expands, they have the ability to make a greater impact in the community.
3 Tips to Protect Credit Union Deposits
Think your credit union can’t fail? Think again.
Though seen as the sleepy backwater of banking, credit unions do sometimes fail. Like banks, they may hand out bad loans, suffer mismanagement or make speculative investments.
Wake-Up Call
The recession of the last two years has been a wake-up call for the credit union industry. Despite the continuing troubling signs in the economy and for individual credit unions’ financial performance, credit union boards and management keep… Read More
2008 National Credit Union Growth Study
Results from the 2008 National CEO Growth Survey were combined with an in‐depth industry analysis of 5300 Call Reports conducted by CEO Advisory Group. This analysis of national trends data has helped us identify at least 7 significant variables that are demonstrating increased growth performance and potential “growth keys to success” for generating higher productivity.
Evaluating Leadership Quality in Succession Planning
Credit unions will be experiencing unprecedented change in their leadership over the next five years. With the current economic climate and competitive landscape, selecting and nurturing strong leadership has become imperative for credit unions’ future success. In their succession planning credit unions must account for leadership quality.
The Science of Growth
Is a good old-fashioned strategic plan in today’s highly competitive envi- ronment enough to help your credit union truly thrive? Not according to at least one credit union CEO. To quantify real growth from market share, member loyalty and efficiency, the traditional strategic plan must be enhanced with a balance of ongoing growth measures that board and management agree on and measure success by.
Market Expansion Through Mergers
The value of merging is becoming increasingly clear for both the continuing and acquired credit union. When you evaluate the drivers of value for members—rates, fees, convenient locations, extended hours, phone support, electronic access, service quality, and product variety—it is evident that combining two credit unions can offer greater value, particularly when a small credit union merges with a large credit union.