Credit Union Leaders and Bravery: A Rare Combination
All too often, credit union leaders fail to stand up for their members and instead choose to take the easier path, that of least resistance. However, there are examples of those who choose to go against the grain and stand up for what they believe is best for the credit union and members. Chip Filson tells the tale of two such CEOs.
Staying In One’s Lane
In an effort to grow, financial institutions are at risk of veering in directions that do not align with their foundations or their members’ best interests, argues Chip Filson, who urges credit unions to stay in their lane.
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.
