Going Beyond Organic Growth

Consolidations and mergers remain facts of life in the financial institution world, both for credit unions and banks.

Whether a credit union chooses to consider options relative to a merger, either merge with or absorb another credit union, the consolidation trend is projected to continue for the foreseeable future, providing credit unions with both opportunities and potential threats.

For Southeastern Federal Credit Union, we believe a critical mass exists for long-term sustainability we have not yet reached. Our projections for organic growth, while beneficial to the credit union, will not allow us to reach the critical mass we feel is necessary. We have a merger application currently pending with the NCUA, and consider the merger, although small, strategic in nature.