The People’s Voice: Saint Lawrence FCU Owners Veto Merger

The People’s Voice: Saint Lawrence FCU Owners Veto Merger

Last fall, members of a New York credit union overwhelmingly voted to reject a merger. Chip Filson looks into the situation and why members may have responded as they did.

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Is “Creative Destruction” the Future of Credit Unions?

Is “Creative Destruction” the Future of Credit Unions?

Chip Filson discusses the concept of creative destruction, in which something new is built on the foundation of something old, and how mergers in the credit union industry fail to live up to the idea.

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Credit Unions and the Consolidation Curve

Credit Unions and the Consolidation Curve

Credit union mergers have been at the forefront of news for years now, with industry professionals expressing disappointment and concern over the trend. But are mergers a worrisome sign or simply a symptom of a much larger trend at play? Emily Claus reports on the Consolidation Curve and where we our industry fits into it.

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NASCUS: NCUA Should Only Review FISCU Mergers for Share Insurance Risks

NASCUS: NCUA Should Only Review FISCU Mergers for Share Insurance Risks

The NCUA should butt out of merger reviews of federally-insured, state-chartered credit unions (FISCUs) unless there is a safety and soundness issue that poses risks to the Share Insurance Fund (SIF), NASCUS said, in comments submitted to the agency.

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Streamlining Field of Membership Expansion Will Hurt Small Credit Unions Say Community Bankers

Streamlining Field of Membership Expansion Will Hurt Small Credit Unions Say Community Bankers

Following the NCUA Board’s February approval of a proposal streamlining the field of membership application process, the change is now coming under fire by community bankers, reports CUSO Magazine’s Esteban Camargo.

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NCUA: More People Joining Credit Unions, But CU Numbers Dropping

NCUA: More People Joining Credit Unions, But CU Numbers Dropping

CUCollaborate’s David Baumann reports on the latest finding from the NCUA’s quarterly credit union data summary for the third quarter of 2022.

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NCUA’s Merger Supervision is Failing Members

NCUA’s Merger Supervision is Failing Members

NCUA is responsible for monitoring mergers, but Chip Filson believes it has become a rubber stamping process for the regulator and the industry is suffering for it.

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The Unnecessary Euthanizing of Credit Unions

The Unnecessary Euthanizing of Credit Unions

Your Marketing Co. CEO Bo McDonald responds to Todd Marksberry’s recent article on mergers, and argues that merging should be the last resort for financially viable “boutique” credit unions. Foresight and a solid succession plan should be the first order of business to protect the interests of the credit union’s members, instead of its managers.

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Do Small Credit Unions Matter? Should They? Will They?

Do Small Credit Unions Matter? Should They? Will They?

Does the disappearance of the “small” credit union signal bad things to come for the industry? Chip Filson looks at the trends and suggests setting our sights back on the small to restock the pond.

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Banker—But No CU Official—to Testify at House Competition Hearing

Banker—But No CU Official—to Testify at House Competition Hearing

A hearing on consolidation in the financial services industry will feature the perspective of the American Bankers Association, which has warned about the impact of credit unions purchasing banks, reports David Baumann of the Washington Credit Union Daily.

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