Once upon a time, credit union mergers were performed only out of necessity. In today’s vibrant marketplace, however, strategy tends to be a driving force for many CU combinations. According to Glenn Christensen, president [...]
The year 2014 was historic for membership growth. For the first time in the history of the movement, credit unions surpassed the 100 million mark in total membership. From a macroscopic perspective, our industry is [...]
In the world of financial services, modifications to regulatory governance can change rapidly. In fact, some would argue that each new day in the credit union business brings brand new changes that alter the industry [...]
The process of merging credit unions must be carefully managed to ensure the combined credit union is financially stronger and that it benefits all members. It’s essential the credit unions are a good fit, [...]
If you’re a leader in your credit union, compliance is certainly not a new issue. The compliance burden of today’s market is significant and costly; nor will it go away any time soon. [...]
In the business world, mergers and acquisitions are often something feared by the masses. Credit unions, however, operate under a different umbrella where these activities should be seen as advantageous rather than detrimental. As a [...]
Credit unions are facing an intense, competitive environment. Selecting a strong leader is paramount to the credit union’s success. The skills required of a Chief Executive Officer (CEO) have changed as banking moves to [...]
Chances are growth strategies will once again be the central topic of discussion at your strategic planning session this autumn. You’ve heard the prediction “branches are dead”. Stats show markets are over-branched. Banks are [...]
by: Glenn Christensen Credit union mergers are tough proceedings, both for leaders guiding the process and employees who are anxious over potential outcomes. Employee anxiety can lead to loss of morale, engagement and productivity while [...]
by: Glenn Christensen All industries face changes that require a strategic planning makeover, and the credit union industry isn’t much different. New market developments, client needs, along with various regulations, are most likely challenging [...]
Sustained growth can seem insurmountable as a small credit union or medium-sized credit union in a large market. Nearly 80% of industry membership growth is attributed to the 435 credit unions with over $500 million [...]
On the whole, credit unions are well known for taking care of not only their members, but their employees, too. There are all sorts of reasons for that, of course, with one of them being [...]
