Perhaps the most challenging merger involves two CUs of similar size.
August 1, 2012
Mergers of credit unions, especially those of relatively equal size, can be difficult because the partners often struggle with leadership, governance, and cultural issues.Read More
CFOs are expected to take a leadership role in the merging CUs’ cultural transformation.
April 20, 2012
In the past, the CFO focused solely on financials during mergers. That’s no longer the case.Read More
Arizona, Colorado, and Wyoming CUs vote in favor of a three-way merger.
March 25, 2011
Move creates the new Mountain West Credit Union Association.
Rule also addresses CU-to-bank mergers and charter conversions.
January 1, 2011
The NCUA Board approved a final rule clarifying credit union directors’ fiduciary duties and providing additional provisions for insured credit union conversions and mergers.Read More
Corporate culture changes when two CUs combine
September 20, 2010
What's the big deal about mergers? Your credit union has checklists for: to-do items, systems the merging credit union uses, its phone system, products and services, rates, number of members, select employee group locations, and so on.Read More