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America's Credit Unions

America's Credit Unions

America's Credit Unions

America's Credit Unions is a weekly podcast featuring credit union people and credit union ideas. 

400 - Strategic M&A Vision: Planning for Credit Union Growth
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  • 400 - Strategic M&A Vision: Planning for Credit Union Growth

    Join Michael Bell from Honigman LLP for an exciting discussion about growth planning. Mr. Bell provides a glimpse of his practice helping credit unions navigate the world of mergers and acquisitions. Mr. Bell shares his expertise regarding strategic planning and growth, key considerations for the merger process, and perspectives on field of membership and chartering. 

      

    Key Takeaways: 

    Recognize common misconceptions and pitfalls in strategic planning around growth; Understand key considerations for credit unions merging with another credit union or purchasing bank assets; Learn about the optimal charter for a merger and common issues related to charger changes; and Hear about potential improvements that would make the chartering and merger process easier. 

      

    Bio: Michael Bell 

    Mr. Bell serves as Chair of the Financial Institutions Practice Group at Honigman. He represents financial institutions throughout the United States and has completed over 40 M&A transactions in the past five years. In 2011, he pioneered a new option for credit unions to achieve rapid growth with the first purchase of a whole bank by a credit union. For the past decade, he has completed the majority of credit union purchases of banks and has become the nationwide leader and go-to legal adviser in this space. Mr. Bell has also helped credit unions acquire other businesses, including insurance and investment companies, trust companies, real estate brokerages, mortgage originators and specialized lenders. He additionally advises financial institutions on all regulatory matters at the state and federal level. Mr. Bell has extensive experience counseling individual entrepreneurs through publicly traded companies on strategies such as non-organic growth and strategic planning. 

    Thu, 02 May 2024
  • 399 - The strategy behind succession planning

    Succession planning is about strategic oversight and ensuring your organization is relevant and future-focused.

    In this episode of the podcast, Susan Mitchell, CEO of Mitchell Stankovic and Associates, talks about the importance of having an organization-wide succession plan, why taking a forward-focused approach is critical, how succession planning fits into the credit union’s strategic plan, and more.

    Fri, 26 Apr 2024
  • 398 - Sponsored: Digital-first financial health

    Credit unions have a renewed focus on fostering member’s financial health and, increasingly, those efforts are digital and mobile-first, says Nicole Harper, director of corporate strategy at Jack Henry.

    In this episode of the podcast, sponsored by Jack Henry, Harper examines credit unions’ role in fostering financial health, financial wellness trends, available mobile-first resources, challenges to promoting financial wellness, success stories, and more.

    Thu, 18 Apr 2024
  • 397 - How to develop the next generation of leaders

    Brian Fassett, Advantis Credit Union’s director of learning and development joins today’s episode of the America’s Credit Union podcast to share how the $2 billion asset credit union in Portland, Ore., goes about finding and developing prospective leaders within the organization.

    Jon Sexton, senior vice president of Culture and Leadership Development at Vibrant Credit Union, will follow with a deep look at identifying potential leaders and training them through the organization.

    Thu, 11 Apr 2024
  • 396 - CFPB’s Section 1033 Open Banking Rulemaking

    Join this panel discussion with Meredith Fuchs, General Counsel at Plaid, and Ben Maxim, Chief Digital Strategy and Information Officer at Michigan State University Federal Credit Union, highlighting initial takeaways from the Consumer Financial Protection Bureau’s proposed rulemaking to establish open banking and implement section 1033 of the Dodd-Frank Act. Fuchs and Maxim cover the benefits and challenges of building APIs to share consumer financial data and how your credit union should be evaluating this transition to open banking as the CFPB works to finalize its rule. 

     

    Key Takeaways: 

    Understand the objective of the CFPB’s Section 1033 open banking rulemaking; Hear a credit union’s perspective regarding their journey to build an API; and Delve into some unresolved issues from the CFPB’s proposed rule. 
    Thu, 04 Apr 2024
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