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.
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.
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.
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.
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.
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.
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.
An Open Secret: NCUA, Oxymorons, and Merger Truths
Could the NCUA really be said to be helping credit unions when in 2014 they published “Truth in Mergers”? Chip Filson points out the oxymorons that litter the publication, and asks whether NCUA will change its tune in the future.
Have Members Seen ALL the Alternatives?
When voluntary mergers are proposed, do members of the absorbed credit union deserve more say in where their members’ equity should go? Vic Pantea thinks so. He looks at the potential merger of Xceed Financial Credit Union and Kinecta FCU and wonders what should happen to $95M in equity.
