September 03, 2014

NCUA webinar eyes merger 'best practices'

NCUA is hosting a free webinar Sept. 17 titled "Merger Best Practices" and featuring staff from the agency's Region I office and the Office of Small Credit Union Initiatives.

Calling mergers "a consequence of today's competitive financial industry," NCUA says its Sept. 17 webinar, set for 2 p.m. Eastern, will address the following topics:

  • when to consider merging;
  • merger structure and negotiations;
  • cardinal characteristics of a credit union heading towards merger;
  • how to maximize benefits for credit union members and staff.

The webinar may also address the agency's merger registry created a few years ago at NAFCU's urging. The registry is a way for credit unions to let NCUA know they are willing to serve as partners in NCUA-assisted mergers or purchase-and-assumption transactions.

The registry, which is not available to the public, is accessible via Credit Union Online, NCUA's Web-based call report system; see details in Letter to CUs 10-CU-22.

Registration for the Sept. 17 webinar is open now. Speakers slated include Dominic Carullo and Bob Jones, economic development specialists in OSCUI, and Marilyn Daigle, supervision analyst in NCUA's Region 1 office.

NCUA is taking questions for the webinar now, as well as questions about technical requirements for participating.