The so-called cleansing theory – that there are too many underperforming or heavily capitalized small or midsize credit unions that need to be merged by larger brethren – is coming in for fresh debate this summer.
Despite recent activity, the NCUA has said it is not in the business of pushing mergers in 2012. According to an agency spokesman, there is “an upsurge in mergers this year which is likely due to the ability of continuing credit unions to assume the responsibilities associated with mergers as...
The Massachusetts Credit Union Share Insurance Corp. is partnering with The Paragon Group to host a new Volunteer Leadership Institute program. The conference will be held at Stowe Mountain Lodge in Stowe, Vt., Sept. 23-26.
Saving the American Dream rally organized around new book by Open Solutions' Louis Hernandez.
The merger game – its timing, procedures and practices – is coming in for new scrutiny and debate this month among a coterie of analysts and top credit union CEOs.
Go big or go home. Those five words outline exactly what is happening with the proposed merger of $1.8 billion Warrenville, Ill.-based Alloya with $1.5 billion Southfield. Mich.-based CenCorp. It’s a marriage of corporate credit unions that, if approved by CenCorp members and regulators, will produce an entity with assets...
Proposed corporate merger would produce one of the nation's largest remaining corporate credit unions. Find out more in this preview from next week's print edition.
Come 2030, credit unions will be in business serving up some kind of financial services, essentially one generation removed from today. However, getting there will be as wrenching—as full of dislocations and pains—as was the shift from 1950s-style credit unions with no share drafts into today’s full-service financial supermarkets.
In this print preview from next week's edition, experts look at what the industry may look like a generation from now.
WASHINGTON—Robert Schumacher, longtime National Credit Union Foundation leader and volunteer, was a surprise recipient of an Anchor Award at the annual dinner honoring people and institutions that have exhibited particular leadership and innovation. Past Anchor Award winners have included former NCUA Board Chairman Dennis Dollar and the leaders of the...