See what Nice and others have to say about the current state of mergers in the credit union world today – outlined in Credit Union Magazine, May, 2011 – “Merger Slowdown” (link below).
Based on NUCA most recent report on the state of the insurance fund, just shy of 25% of all CUs are significantly distressed and have CAMEL 3’s, 4’s and 5’s! This is shocking in and of itself. When you tie this fact with Nice’s provocative pronouncements in the article about the state of troubled credit unions, YOU, as a leader, have much to think about strategically – including… and beyond mergers.