CUs that acquired banks perform above peers

A new Filene report delineating how credit unions that have acquired banks have performed above peers included interviews with CEOs of Five Star Credit Union in Alabama, Avadian CU in Alabama, and Achieva CU in Florida.  Findings show that 14 credit unions that have acquired 16 banks since 2012 all had higher capital ratios, greater […]

A new Filene report delineating how credit unions that have acquired banks have performed above peers included interviews with CEOs of Five Star Credit Union in Alabama, Avadian CU in Alabama, and Achieva CU in Florida.  Findings show that 14 credit unions that have acquired 16 banks since 2012 all had higher capital ratios, greater returns on both assets and equity, and lower loan net charge-off ratios than peer group credit unions by the end of 2017, according to an analysis released by the Filene Research Institute.

The report, “Credit Unions’ Acquisitions of Banks and Thrifts,” was authored by David A. Walker, a business professor at Georgetown University.

Read the full article at CU Today. The full report can be found here.

For more information on the topic, read an exclusive from S&P Global Market Intelligence here. The article includes a full list of credit unions that have purchased banks, including IBMSECU in Florida and Family Security CU in Alabama.

Written by
admin
View all articles

About Us

The League of Southeastern Credit Unions & Affiliates represents 342 credit unions in Alabama, Florida and Georgia, with a combined total of $118.63 billion in assets and more than 10.1 million members. LSCU & Affiliates provides legislative and regulatory advocacy; education and training; cooperative initiatives (including financial education outreach); public messaging; information services; and business solutions.

LSCU Mission Statement

To create an environment that enables credit unions to grow and succeed.

LSCU Vision Statement

To be the trusted advocate and preferred source of information for credit unions.

If you need to reach us, e-mail communications@lscu.coop

Social Channels

Follow us on all major social media platforms.