Sandler O

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  Preparing for the Bond Bubble Pop

  March 6, 2013

  The bond price bubble will eventually pop as rates rise, creating potential for the next crisis: a one-two punch of deposit withdrawals and negative spreads as hundreds of credit unions fall short of the earnings needed to compete on deposit rates.

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  Mergers Will Continue to Cull Small Credit Unions From Herd

  By Robert McGarvey  |  February 27, 2013

  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.

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  Mergers Will Continue to Cull the CU Herd: Print Preview

  By Robert McGarvey  |  February 21, 2013

  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.

• Secondary Sales Uptick

  By Heather Anderson  |  January 16, 2013

  A New York-based investment banker said he’s noticed an uptick in his bank and credit union clients selling mortgages to the secondary market, especially when the loans aren’t performing.

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  Guest Opinion: Top Credit Unions Are Held Back by Industry’s Shortcomings

  By Peter Duffy  |  April 29, 2012

  A new analysis by Sandler O’Neill underscores how critical the sheer size of financial institutions has become to their surviving and thriving. Yet top performing credit unions are being held back by a systemic lack of accountability.

• Merger World Is Topsy-Turvy

  By Jim Rubenstein  |  April 15, 2012

  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.

• HarborOne Bid Triggers More Debate

  By Jim Rubenstein  |  March 11, 2012

  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.

• HarborOne Bid Triggers More Debate: Print Preview

  By Jim Rubenstein  |  March 9, 2012

  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.

• Banker Urges Due Diligence in CU Deals for BoA Assets

  By Jim Rubenstein  |  September 19, 2011

  Sandler O'Neill's Peter Duffy says deals most likely to be in real estate rather than account relationships.