Openness at Fed about stress tests sets good example for same from NCUA, consultant Glatt argues.
Since at least 2010, Telesis Community Credit Union’s member business loan program has been in a downward spiral.
With a heavy concentration in member business loans, Telesis Community Credit Union may not have been prepared for fluctuations in that market.
The postmortem on last month’s two failed merger attempts that were victims of member opposition hits on three ingredients: poor communications, a rushed timetable and lack of enough advance explanation to constituents and the public.
In this Print Preview from next week's edition, industry experts look behind the recent rejection of proposed mergers in Louisiana and Montana.
California’s $3.1 billion Kinecta Federal Credit Union, party to a delayed mega-merger with the $1.1 billion NuVision CU, is in recovery mode this month, tending to a battered mortgage portfolio.
Kinecta-NuVision merger delayed while three-way Ohio merger moved forward; each with a CEO in charge of two credit unions at once.
Member vote for merger with NuVision said not expected until at least mid-2013.
In addition, culture differences among employee groups must be carefully considered to avoid missteps, according to a key participant and an industry consultant.
A mission trip to Malawi, Africa has given Tom Glatt Jr., owner of Glatt Consulting, a new perspective.