A new legislative and regulatory advocacy committee with a focus on issues affecting CUSOs and their credit unions is the latest effort coming from NACUSO.
By most accounts, 2010 should have been a barn burner in the number of credit union mergers, based on rising assessments, the corporate crisis and a bad economy hitting a large part of the country.
In the Oct. 27 issue, former NCUA Chairman Dennis Dollar posed a series of thought-provoking questions for credit unions to ask their corporate credit unions
The yearend buzz on credit union mergers presages a bumper year in 2011 but one leading Oregon consultant, Merger Solutions Group, said that the volume in both numbers and size is dramatically down in 2010.
The most immediate issue facing our industry is the continued access to services provided traditionally by corporate credit unions.
The planned October merger by Navy Federal Credit Union of the ailing USA Fed CU last week generated both catch-your-breath predictions on the nation's future CU landscape plus stand- your-ground pledges by one West Coast competitor.
The planned merger by Navy Federal Credit Union of the long-troubled $604 million USA Federal CU is emblematic of a sharply escalating trend which could see another 2,500 mergers by 2015, Dennis Dollar forecast Monday.
CUSOs and vendors agree that mergers in the credit union industry continue to have an impact on their business models, but it's not necessarily a negative one.
Jennifer Lehn, chair of the CUNA Operation, Sales and Service Council, has firsthand experience in CU mergers.
Dave Serlo, longtime CEO of PSCU Financial Services and the CUSO's first employee, passed away from the complications of cancer on June 25. He was 63.