DALLAS — Outside of Texas, it's been relatively quiet on the unsolicited credit union merger front.
Seven league boards have adopted resolutions outlining guidelines should a "hostile" merger attempt take place in their respective states. The resolutions don't carry any regulatory teeth, but at the very least put those on notice that certain untraditional merger strategies will not be tolerated.
So far, the Minnesota Credit Union Network, Association of Vermont Credit Unions, New York State Credit Union League, Wisconsin Credit Union League, Maryland and District of Columbia Credit Union Association, Michigan Credit Union League and the Texas Credit Union League have adopted resolutions.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
