SNL Financial report says lack of strategic thinking keeps most mergers among small credit unions who have no choice.
Every day, six days a week, a credit union closes and never re-opens. That has been going on for many years. More than 3% of credit unions have annually closed for the past decade. By 2025, the United States will have around 4,500 credit unions.
Do the math. Look to your right. Look to your left. One in three credit unions will vanish by 2025. Find out more in this week's preview from next week's print edition.
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.
The proposed conversion of the $1.8 billion HarborOne Credit Union to a mutual bank triggered fresh industry debate last week about the impact and efficacy of conversions as the Brockton, Mass., CU formally tendered its resignation from CUNA and the Massachusetts Credit Union League.
Is conversion bid a sign of things to come? That's one point raised in this look at an article from next week's print edition.
Industry participants aren’t sure whether HarborOne Credit Union’s possible conversion signals a growing trend or is just an aberration.
Sandler O'Neill's Peter Duffy says deals most likely to be in real estate rather than account relationships.
After a brief hiatus for the week of Thanksgiving, Credit Union Times ON AIR came back strong with an episode dedicated to the NCUA's corporate legacy asset plan.
Credit unions could use a charismatic leader right now. Who is going to rallies the troops to get this splintering industry to-well-cooperate