Do you know how to make the most of a merger?
Many credit unions are undertaking mergers these days to grow. In fact, an average of 300 mergers are completed in the credit union industry annually, plus many more opportunities are in discussion or in progress.
Whether you’re in process on a merger or just thinking about one, the desired end game is the same: to ensure the resulting organization is not just bigger, but better, than either CU was on its own.
How can credit unions make a bigger and better merged CU a consistent outcome of merger activity? Just as having a process aids decision-making, having knowledge of merger best practices and how to apply them can only boost success. That’s why CUES has partnered with the University of Chicago’s Booth School of Business to offer Mergers & Acquisitions Institute, June 27-30, 2016.
Besides that I’m a Chicago native and earned my MBA at Booth in 1993, I’m excited to see this school come to my hometown because of the world-class faculty at the University of Chicago. I believe they are eminently qualified to help credit union leaders turn merger theory into effective practice.
Steve Morrissette, adjunct associate professor of strategic management, brings 25 years of real-world experience in mergers and acquisitions and banking, plus 10 years of research on M&A to the lecture hall. Marc Knez, clinical professor of strategic management, specializes in bridging the gap between academic research and applied decision-making. And, for added perspective, he’s currently on the board of directors of a financial institution.
Morrissette and Knez will lead participants through a case-study based curriculum covering how to develop an analytical framework for integrating the various stages of an acquisition, estimate the real cost of a merger or acquisition, and implement a strategy for integration and restructuring. During the hands-on part of the course, you’ll create a profit and loss benchmark and positioning map as well as a strategy map.
CUES’s mission is to provide outstanding professional development opportunities for credit union leaders. But our vision is that this learning will help leaders strengthen credit unions and our industry. Mergers & Acquisitions Institute will play an important role in bringing this vision to life.
