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Article: CONSIDER: WHO IS DRIVING THE CREDIT UNION MERGER?
- Article from:
- Credit Union Management
- Article date:
- August 1, 2008
- Author:
CopyrightCopyright Credit Union Executives Society Aug 2008. Provided by ProQuest LLC. (Hide copyright information)
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Credit union officials involved in a potential merger with another credit union must act in the best of interests of their respective members. Even so, the board, the supervisory committee, and senior management should recognize that not everyone will necessarily have the same interests when a merger opportunity is available-whether their credit union will be the continuing credit union or the merging credit union.
The best scenario is, of course, a situation in which the board, supervisory committee, senior management, employees and members of each credit union support the merger and, further, that the federal and/or state credit union regulators are also supportive. But a proposed merger ...