As credit union mergers increase, some CUSOs might be considering following that same path.
As the number of mergers permeating the credit union industry continues to rise, some CUSOs might be considering following that same path.
When done well, loan participations spread income making opportunities to the buyers and provide funds for the sellers to serve more members.
Topics will include how to save money and resources through cooperation.
While it’s valid for the NCUA to make risk management a priority when it comes to business lending, recent guidance from the regulator could hinder and discourage credit unions and CUSOs running solid programs.
A week after super storm Sandy slammed into the East Coast, New Jersey Gov. Chris Christie looked ahead to preparations for a nor’easter that was due to dump snow and rain on the already reeling Northeast.
Disasters and missteps are just some of the highlights in this early look at our Year in Review print issue out next week.
Booking loans with good yield or giving up yield for more loans. For some credit unions, it’s a dilemma that plays out in a loan participation transaction where revenue is desired but not at the expense of making sacrifices on yield.
Topics include managing both CEOs’ visions for success, tips for leadership teams working together, regulatory approval and due diligence processes.
Doug Petersen, president/CEO of the $880 million Workers’ Credit Union in Fitchburg, Mass., recalls asking the president/CEO of a small credit union why he chose Workers’ to consider a merger deal.