TO MERGE OR NOT TO MERGE – AN IN-DEPTH LOOK AT THE PLUSES, MINUSES, DO’S & DONT’S FOR CREDIT UNIONS LOOKING TO MERGE
AUGUST 30, 2018
The credit union industry has averaged one merger per business day since 2000. This activity is accelerating with the challenges of insurance assessments, tight margins and dramatically increased regulatory requirements.
Among the biggest issues facing credit unions when considering mergers is simply how to do it to ensure all of the right bases are touched in a way that results is a strong merger and in a timely manner. What will be the continuing field of membership? What about the Board structure? Does the Hart-Scott-Rodino anti-trust provisions apply in a credit union merger? When should the notices to members be sent? Do the notices have to be pre-approved by the regulators? Can state and federal charters merge? What are anticipated timelines for completing a merger?
Whether you are considering merger or have potential merger partners for your credit union, please join us in this very timely webinar as we discuss the complete merger process – from initial negotiations to final merger disclosure requirements.