CEO Advisory GroupIs Now the Right Time for Your Credit Union to Consider a Strategic Merger?
One of the leading reasons credit unions engage in mergers is declining membership, according to a study conducted by the National Credit Union Administration (NCUA). It found that 47 percent of merging credit unions had negative member growth… Read More
Credit Union Merger Approvals – January 2016
To begin the year NCUA approved 15 mergers in January 2016, which is down from the 20 mergers in December and 19 in January of last year. The combined assets of merged credit unions is down nearly $190… 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
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
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
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.