John F. Kirk’s Post

🌟 BREAKING NEWS 🌟 Big changes in the credit union world! 🏦 Launch Credit Union and Community Credit Union of Florida have announced a merger, combining resources to better serve their members. With the tough operating environment for smaller credit unions, could this be the beginning of a trend? 📊 📰 Read all the details here: https://bit.ly/3MBpgdw #CreditUnionMerger #FinancialServices #CreditUnionNews #Tyfone

I'm with you Ancin Cooley, CIA, CISA so many of these credit union mergers feel icky. I focus my spare time on helping groups that want to start new credit unions and that is the opposite of icky. But guess what they lack? Sufficient capital to open their doors...and yet.....what if credit unions in the US were like cooperatives in Italy and we were required to contribute 3% of earnings to use as capital to start new cooperatives (credit unions). . . .hmmm....that's the credit union difference. #peoplehelpingpeople

Credit Union Merger? Oak Tree Is the Answer. We know how to help your credit union survive a merger and have the best forms available. https://ow.ly/19NX50RfsGV #creditunions #creditunion #creditunionlife #fintech #leadership #strategy #efficiency #solutions #branding #marketing

In response to the “current consolidation within the credit union industry.” Specifically the continuing merger and subsequent loss of small credit unions, we must:

At the end of the day, the choice is in your hands. It's up to you and your credit union team. Do you: Persist – Stick with your current path, hoping things will turn around. 🚶♂️ This might work, but it often means you're just getting by without real growth. Pivot – Adapt, innovate, and change strategies to stay green and growing. 🌱 Embrace new ideas, shift directions, and seize opportunities to thrive. Concede – Give up and consider a merger. 🛑 This is the last resort, and it means letting go of your credit union's unique identity and independence. The choice is yours, but remember, you don’t have to make it alone. At YMC, our true passion is helping credit unions avoid unnecessary mergers. We believe in your potential to grow and succeed. Let’s get to work and move your credit union forward together. Get unstuck today: https://loom.ly/rtkyA5Q 💪 #CreditUnionGrowth #AvoidMergers #PersistPivotConcede #CreditUnionInnovation #Marketing #InnovationCulture #CreditUnionGrowth

While many large banks establish most new branches from scratch, smaller banks find mergers to be the most effective growth strategy. April was the busiest month of announced mergers so far this year. While scrutiny has increased, deals are still being approved. For more banking news and insights, reach out to Ryan Wolf or Luke Sullivan. Ryan Wolf 📞 (972) 755-5207 📧 [email protected] Luke Sullivan 📞 (972) 755-5198 📧 [email protected] #NNN #retail #realestate #investment #investing #commercialrealestate #property #passiveincome #cre #investor #banking 

One fifth of Credit Unions Have CEOs that Have Served 20+ Years: Researching factors that might contribute to credit union mergers, we at CUCollaborate decided to compile data about CEO tenures. Thanks Yinan Chen for all your hard work on this! Below is a summary chart, as of June 30, 2024. We hope that the data is of interest, and there is a lot more detail beyond this chart. For instance, we can now formally confirm that smaller credit unions are far more likely to have long-tenured CEOs. In particular, the fraction of CEOs with more than 20 years of service climbs (1) from about 10% for credit unions with more than $1 billion in assets (2) to about 20% for credit unions with between $10 million and $1 billion in assets and (3) to about 30% for credit unions with less than $10 million in assets.

The total assets of credit unions increased each year. Why credit union mergers are ramping up and what that means for your credit union. https://ow.ly/2Wbp50S4CsV #creditunions #creditunion #creditunionlife #fintech #leadership #strategy #efficiency #solutions #branding #marketing

❓ Did you know? Records for credit union acquisitions were shattered in 2024, according to Banking Dive! With M&A activity set to keep climbing in 2025, one big question remains: How is your team protecting member relationships? Discover the key trends shaping this movement and uncover actionable strategies for acquiring credit unions to not only retain but enhance member loyalty through transitions. Exclusively for Credit Union Satisfaction clients—available now on The Insider: https://hubs.la/Q02ZmFzh0 #CreditUnion #Acquisitions #FinancialServices #Banking

“The U.S. Department of Justice’s initial focus in evaluating proposed #bank #mergers will be on understanding and preserving the competitive dynamics of the industry, Assistant U.S. Attorney General for #Antitrust Jonathan Kanter, said… ‘We would be doing the public a disservice if we simply limited our analysis to a paint-by-numbers approach that looks at bank deposits in geographic branch overlaps… We need to take a step back and ask ourselves: How does #competition work in this market? If two banks are merging, what are the different services and areas where they compete? And will the transaction threaten to harm that competition or lessen it in a way that’s substantial?’” #compliance #CapitalOne #Discover