Tyfone, Inc.’s Post

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 anticipated wave of mergers and acquisitions (M&A) in the US is expected to benefit debt bankers. With Donald Trump returning to the White House, there is optimism that his business-friendly policies will lead to more deals. This includes potential changes in the US Federal Trade Commission’s stance on antitrust issues, which could make it easier for large combinations to proceed. https://lnkd.in/g6TCqgMK

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 unions everywhere are seeing an uptick in asset size. From 2020 to 2021, credit union membership increased by 23%. Whether through acquisitions, mergers, or organic growth, this means a larger burden for the accounting team, specifically more reconciliations and month-end tasks. In accounting, "lean and mean" rings true for many teams. With this added volume, how can your accounting team keep up? Here are five best tips for how to stay on top of your credit union's month-end close: https://lnkd.in/gKqxRnmU #SkyStem #Accounting #Financial #AccountingTeams #FinanceProfessionals #Infographic #Reconciliation #ART #blog

My latest: Mergers and acquisitions bankers are hopeful that Donald Trump’s return to the White House will help bring even more new deals than previously anticipated. Debt underwriters could win too. Story by me, Gowri Gurumurthy, and Jeannine Amodeo https://lnkd.in/e77Fsier #leveragedfinance #privatecredit #directlending

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

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

🌟 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

Piper Sandler has decades of M&A experience in the depository space. Let’s set up a call with our CU focused M&A bankers. “As credit unions grow larger, the sector's mergers are growing, too. The largest credit union deal ever was announced in 2024, and experts expect the deals to only get bigger. The credit union market is consolidating, following the same path as community banks in years past: More assets have been sold by credit unions year to date in 2024 than in the past 10 years, according to S&P Global Market Intelligence data. Credit union M&A experts foresee more large credit unions to merge in the coming years, as expectations for technology advancement, footprint growth and abundant capital favor larger institutions. “ https://lnkd.in/eMY-SYkN

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