CEOs in 10-minute sitdown explain reasons for consolidation.
The $540 million Great Lakes Credit Union in Illinois has had a big year in mergers–four of them–and its latest of the long-troubled Federated Family CU provides Great Lakes first entry into Wisconsin.
Sudden retirement of Northwest Community CEO led to end of merger move between healthy CUs as new CEO settles in.
Combination would create a single nationwide shared branching network for U.S. credit unions.
Northwest Community, Mid Oregon had announced plans last fall but backed off as economy faltered, CEO changed at Northwest Community.
“We see this merger as a model for the future of strong, viable corporate credit unions,” said Brad Miller, CEO of Tallahassee, Fla.-based Southeast Corporate, in announcing the decision of his corporate to pursue a merger with Columbus, Ohio, based Corporate One.
When it comes to writing the ideal manual on a successful credit union, Mina Worthington and Paul Regimbal of Yakima, Wash. hope they get to be principal authors.
Our firm recently facilitated the successful merger of two credit unions. One of the fundamental issues that we focused on was the ability of the post-merger team to quickly establish and maintain productive working relationships with employees and members.
Southeast Corporate FCU announced Tuesday it has signed a letter of intent to merge with Corporate One.
Merger of Yakima Valley, Catholic credit unions to be completed on Oct. 1.