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June 6, 2005
Right now it is more dread, as I had plans to do some work around my house and now I am told that I cannot take my money out for possibly 6-9 months while waiting for the merger. This is not acceptable.
This article assumes that one Credit Union is in "trouble" when in today's marketplace the economies of scale are allowing strong Credit Unions to merge to better compete and thus provide a higher level of service to their combined membership at better prices.
Bucky always has an insight that makes you think. What he says here is true, but outside traditional credit union thinking. If this industry is to continue to grow, we need this type of thinking. Too many credit unions rely on the regulators to help them make decisions.
SO, Bucky and Ed - I am sure you could suggest some good merger candites to inhaled the capital of my credit union - maybe GTE or Patelco - give me a break your pontificating is too much
The article is right on track and reflected many of the issues we faced on a recent merger. I was unable to use the "printable" option??? It just kept going to a blank page. All the printable options on the other articles worked fine. The article is right on track and reflected many of the issues we faced on a recent merger.
Bucky and Ed are right on target.
If a credit union is merged as a result of mismanagement and problems on the balance sheet, the above argument is valid. However, healthy credit union mergers will lead to less competition and a negative consumer impact in the future
Someone posted this article on my blog site: ilovedcblog.blogspot.com in responce to an attempted hostile merger between credit unions. Interesting article, but I don''t agree that credit unions are uncomfortable with mergers.
Industry Performance By The Numbers (3Q ...
IRR In Today’s Cooperative Industry
Imagining the Future State of the Indust...
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