Tyfone, Inc.’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 have a feeling that 2025 is going to be a BIG year for M&A. While we have always watched this closely in the banking space, it is interesting to see so much of it happening with Credit Unions as well. They are feeling many of the same cost pressures that banks are and scale is the universal fix many are gravitating to. M&A carries considerable risk, especially concerning merging culture and values. It will be interesting to see how next year plays out regarding the continued consolidation of the banking landscape. #Mergers #MandA #banking #creditunions

Exciting news in the credit union merger space! ESL Federal Credit Union is set to acquire Generations Bank, further consolidating the industry and expanding its reach. This acquisition marks another significant step in strengthening ESL’s footprint while providing members with enhanced financial services. As consolidation continues to reshape the financial landscape, it's critical for credit unions to remain agile and growth-oriented, especially in times of evolving market conditions. I look forward to seeing how this merger unfolds and what it means for the broader community banking and credit union sector. #CreditUnions #BankingIndustry #MergersAndAcquisitions #FinancialServices #GrowthStrategy #CommunityBanking #CreditUnionLeadership #BankingInnovation #ESLCreditUnion #GenerationsBank

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 Merger reforms are a targeted attack on corporate agility to create businesses which respond to intense overseas business giants competition. Mergers are already a strenuous exercise in regulatory acrobatics as it is. I would not be true to myself if I did not oppose such a huge regulatory impost that would have very likely resulted in poorer business outcomes for businesses that so many Australians have benefited from. The laggard and dismal Coles Group supermarkets & Kmart were bought out through a merger, transforming both into modern and performing retailers, Coles now spun out. This is one rule for all, when really it is Banking, Aviation, Insurance, Telecommunications, and Transport Infrastructure Businesses that present the most intense competition deficit risks.

It went unnoticed right before Labor Day, but take heed: DOJ’s new plan to enforce workers’ rights by way of merger approvals has major implications for bank mergers premised, as they often are, on economies of scope, scale thanks to operational integration. For more, see my memo: #banks, #merger, #bankmergers, #Operationalintegration, #CRA

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

A surge of significant M & A announcements indicates a ramp-up in dealmaking activity in 2024 following a subdued start to the year. With declining interest rates, bullish stock markets, and robust corporate balance sheets, the stage is set for an M&A boom. Read on here: https://lnkd.in/gnz-Vsk5 #finance #venturecapital #investing #innnovation #technology Forbes

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

The rate of M&A activity of banks and credit unions has slowed markedly. Why is that? What mergers are happening? How does this change effect you, your job, your career, your company? What Slowed Bank (and to a lesser degree credit union) mergers? 🔸 Regulators and Politicians have slowed the process and attempted to block mergers. As the CNBC article in the comments section denotes when they say: "A planned merger between Capital One and Discovery, announced in February, was promptly met with calls from some lawmakers to block the transaction." 🔸 The OCC appeared to lengthen the process with their proposal to amend the rules for mergers (see article in comments section). What mergers are happening? 🔸 Smaller banks and credit unions at a much slower pace. Two small banks, both under $100 Million) in southwest Iowa announced plans to merge (see article below). A $490 MM credit union bought a $29 MM in Maine (see article in comments section). 🔹 Will this reduce the value of bank stocks and make it harder for banks to get new capital? 🔹 Will it slow the ability for the market to heal banks that are troubled? 🔹 Will it slow the ability of banks to evolve and innovate? What is clear is that if you work for a regional or national bank it is much less likely for your bank to merge. Credit Unions mergers have slowed as well. Their purchase of banks has come under heavy scrutiny by politicians. The merger between Capital One and Discovery will be a bell-weather indicator of how this will go in the future? #mergersacquisitionsdivestitures #mergersandacquistions #mergers #bankingindustry #bankingandfinance #banking #creditunions #creditunion #job #career #careerdevelopment