CEO Advisory GroupImportant Factors in Assessing a CU Merger
Credit union mergers have become increasingly more common. From the 23,000 credit unions that existed at their peak in 1969 to the 5,200 credit unions that existed as of 2020, the industry has seen a lot of shift…. Read More
How Receptive Is Credit Union Leadership to a Merger?
In the world of credit unions, mergers are an essential part of growing and staying relevant. In fact, a well-planned merger can actually help you gain a significant competitive advantage. With that said, it seems some leaders are… Read More
Is 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
Not A Wall Street Merger – A Uniquely Credit Union Merger
Suddenly, the crowd erupted. Tears started flowing. Members and staff alike shouted aloud in celebration of victory. These weren’t tears of sadness, but tears of joy. Board members, staff and members embraced each other with warm hugs. In… Read More
Mergers Offer Opportunities for Credit Union Members, Employees
Banks are in business for profit, and their clientele are exactly that: customers fueling profits. The advantage of credit union banking has always been its customer service; “membership” is the advantage. Because of a credit union’s not-for-profit status,… Read More
The 3rd Best Day of My Life
We lifted our glasses of champagne in celebration; After months of evaluating merger proposals from several credit unions, selecting a finalist, and completing the final negotiations my client could finally breathe a sigh of relief. Leaning back in… Read More
How Small Credit Unions Benefit From Mergers
Today’s financial market is extremely competitive and most smaller banks and credit unions face a difficult uphill battle in trying to survive among their larger competitors. The larger a credit union is, the more resources it has at… Read More
Instant Gratification Through Mergers
Small credit union managers can be forgiven for feeling a little stressed. They regularly face one of the most challenging jobs in the financial industry: trying to operate a small, community credit union in the same field as… Read More
5 Ways Members Benefit From A Credit Union Merger
The beautiful thing about a credit union merger is that everyone enjoys positive change, including the consumers. Member merger benefits range from financial to technological and greatly outweigh any potential negatives that might result from a merger. Many… Read More
5 Ways Employees Benefit From Mergers
Just the term “merger” can send shivers through your employees – what will happen after two companies combine, and how will it affect you? Adversarial mergers form interesting themes in modern fiction, however, they can be an enormous… Read More
Credit Union Mergers Enhance Members’ Financial Lives
A white paper recently submitted by students of the Southeast CUNA Management School, “Perceptions and Realities Surrounding Credit Union Mergers,” has revealed some interesting research and analysis in support of the mergers and acquisitions trend that’s been experienced… Read More
Millennials Are Key To Credit Union Growth
Millennials, that tenacious generation born during the late 80’s and through the 2000’s, are the driving force behind a significant upsurge in credit union growth. According to a study conducted by the TransUnion, the percentage number of millennials… Read More
The Challenge Of Keeping Up With Member Expectations
Consumers today know what they want. They do the research, shop around, and put due diligence into every decision they make. When it comes to their money, most consumers these days have a solid understanding in terms of… Read More
Credit Union Mergers: Maximizing Benefits & Best Practices
You have a lot to celebrate when you’ve created a credit union that is successful enough to be sought after by larger financial institutions. All of your hard work and due diligence can pay great dividends in the… Read More
Optimizing Credit Union Financial Health & Avoiding Merger Pitfalls
The word “merger” can incite a variety of feelings, emotions, and opinions from credit union leaders. Ideally, credit union board and executive team members have steadily been working to build an organization which is financially healthy and contributes… Read More
Credit Union Mergers: Celebrating the Success!
For many business leaders, part of the American Dream is creating a company that is so successful it will one day be sold to a larger entity. While this goal is seen as part of a strategic investment… Read More
The Big Get Bigger
In a tumultuous digital financial landscape, today’s credit unions are better positioned than ever before. Memberships are on the rise as more and more individuals seek alternatives to the traditional, monolithic banking institutions of the past. Credit unions… Read More
Growth Is Costing Small Credit Unions A Marketing Fortune
The year 2014 was historic for membership growth. For the first time in the history of the movement, credit unions surpassed the 100 million mark in total membership. From a macroscopic perspective, our industry is on a roll…. Read More
Small Credit Unions Feeling Squeezed By Compliance Costs
In the world of financial services, modifications to regulatory governance can change rapidly. In fact, some would argue that each new day in the credit union business brings brand new changes that alter the industry from the way… 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