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.
Credit Union Groups Call on the NCUA for Merger Policy Reform
NAFCU and NASCUS both submitted comments to the NCUA ahead of their August 16th deadline for submissions calling for changes in merger policy and regulatory oversight, Emily Claus reports.
Maine Harvest Credit Union to Merge Only Two Years After Opening
Maine Harvest Federal Credit Union has announced it will be merging with other Five County Credit Union—only two years after its much-publicized opening. Emily Claus dives into the reasons behind the merge.
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.
It’s Not About Growing Bigger, It’s About How We Can Grow Together
Credit union mergers have received a lot of negative attention in recent years. Canvas Credit Union CEO Todd Marksberry argues that mergers can be both a viable growth strategy and a means of better serving credit union communities.
Northern Hills Federal Credit Union and Sentinel Federal Credit Union Announce Plans to Merge
Northern Hills Federal Credit Union, who has been proudly serving their members since 1950 and Sentinel Federal Credit Union, who has been serving their members since 1955, announced today that they are expanding their legacy of service, and will be seeking regulatory approval of their Board approved intent to merge.
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.
Growth: How Does It Serve Our Current Membership?
Cumberland County Federal Credit Union CFO Ryan Grund debates the purpose of growth and who it is intended to serve: the management team or the members.
