Subdebt: The Fastest Growing Balance Sheet Account for Credit Unions

Subdebt: The Fastest Growing Balance Sheet Account for Credit Unions

As more and more credit unions take on sub-debt, Chip Filson ponders the incentive behind acquiring such debt, what risks come along with it, and how these accounts will play out in the long term.

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Going Public: A Credit Union, Their CUSO, and a SPAC

Going Public: A Credit Union, Their CUSO, and a SPAC

What happens when a credit union-owned CUSO is sold? Chip Filson looks into the 2022 sale of Safe Harbor Financial to special purpose acquisition company North Lights Acquisition Corp.

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Chairman Hood’s House Testimony: Members’ Interest Only Matters When Selling to a Bank

Chairman Hood’s House Testimony: Members’ Interest Only Matters When Selling to a Bank

Chip Filson wonders whether members’ interests are protected in both credit union-bank acquisitions and mergers, or only the former.

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Banks and Credit Unions Don’t Merge, Stop Saying Otherwise

Banks and Credit Unions Don’t Merge, Stop Saying Otherwise

Saying a credit union “merged with” instead of “acquired” a bank may seem trivial, but Chip Filson doesn’t think so. He says it blurs the lines between the two different financial institutions and weakens the cooperative nature of credit unions.

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Merger or Acquisition: The Importance of Word Selection

Merger or Acquisition: The Importance of Word Selection

Merger, acquisition, are they really that different? Chip Filson thinks so, and says bank acquisitions are not in the interest of existing members.

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What Credit Unions Can Learn from Bank Purchases

What Credit Unions Can Learn from Bank Purchases

Why do bank shareholders get a better deal during an acquisition by a credit union than member-owners in a credit union merger? Chip Filson breaks down the financial details of the two, and wonders why merged credit union owners get a raw deal.

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