Do Credit Union Names Matter?
Juliet believed that names had little bearing on how something is treated or viewed. Chip Filson believes differently, arguing that credit union names—and name changes—can say something about how the institution sees itself and its members.
The CUNA-NAFCU Merger: What It Is and What It Means
Following the announcement of the CUNA and NAFCU merger intentions, CUSO Magazine’s Esteban Camargo provides some background on the organizations and touches on whether or not the merger will ultimately benefit or harm credit unions.
CUNA, NAFCU Announce Members of America’s Credit Unions’ Transition Board of Directors
Lisa Ginter, Chair of the Board of Credit Union National Association (CUNA), along with Gary Grinnell, Chair of the Board of the National Association of Federally-Insured Credit Unions (NAFCU), announced 15 members who will serve on America’s Credit Unions’ Transition Board of Directors,
An Initial Reaction to the NAFCU-CUNA Merger
After the recent announcement of CUNA and the NAFCU’s intended merger, Chip Filson discusses the possible ramifications such a move could have on the credit union industry.
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.
Strategies to Avoid Mergers: Economies of Scale
When merging, credit unions often cite a lack of scale and economic capability. Liz Winninger and Vic Pantea discuss ways CUSOs can offer support these credit unions to help combat the rise of mergers in the industry.
Strategies to Avoid Mergers: Adopting a Broker Model
Credit union consolidation and mergers pose a threat to the industry’s many CUSOs and vendors, say Liz Winninger and Victor Pantea. Assisting credit unions in adopting a broker-like model, they argue, can help credit unions increase their product and service offerings and potentially avoid mergers altogether.
What Are the Drivers for CUSO Merger and Acquisitions Success?
Chief Financial Officer of CU*Answers, Bob Frizzle, discusses the incentives that push CUSOs into investing in mergers and acquisitions and which motivations will yield the most success.
Considering a Merger? Don’t Let Your Data Processor be the Last to Know
Mergers can be a lengthy and complex process, and with some much going on, notifying vendors can end up taking a back seat. Melissa Hammel stresses the importance of communicating with your data processing partner early on and keeping them informed down the line.
WestStar Credit Union to Acquire Las Vegas UP Employees Federal Credit Union in Merger
On Tuesday, August 30th the members of Las Vegas UP Employees Federal Credit Union of Las Vegas, Nevada voted to merge with WestStar Credit Union also of Las Vegas, Nevada.
