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Articles by Vic Pantea
The watchdog continues to rob the henhouse
If your credit union is federally insured, have you been paying attention to recent statements coming from NCUA Chairman Harper? The February board meeting included a report on the 2023 year-end financials for the NCUSIF and a very healthy report it was. Total assets now exceed $21 B. The really good news was that there were only three credit union failures that resulted in losses to the fund of $1.4 M.
The Watchdog Continues to Rob the Henhouse
If your credit union is federally insured, have you been paying attention to recent statements coming from NCUA Chairman Harper? The February board meeting included a report on the 2023 year-end financials for the NCUSIF and a very healthy report it was. Total assets now exceed $21 B. The really good news was that there were only three credit union failures that resulted in losses to the fund of $1.4 M.
CUSO Identifies Opportunity in Underutilized Credit Union Owner Investment Authority
In preparation for its annual strategic planning process, the multi-credit union-owned operational services CUSO, Xtend, analyzed the available CUSO investment dollars represented in its 104 owner credit unions as authorized by federal and state regulation. Using 2023 Q1 5300 data, as a network, Xtend has an owner group including credit unions from as small as $50 M to $1 B+, with an average-sized owner of approximately $180M. The average owner-capital ratio is 11.0%.
Alternatives to CU Mergers: Second in a Series
By Liz Winninger and Vic Pantea This is the second in a series of articles that will address possible strategies and tactics that credit unions can adopt as alternatives to merger. Part I an be found here. Here at XTEND, we recently studied more than 200 NCUA merger applications submitted by credit unions between Oct. 1, 2021 and Oct. 1, 2022. As a result of this analysis we have identified several primary reasons credit unions have given as the primary response for a merger request.
Some Alternative Strategies Instead of Merging
By Liz Winninger and Vic Pantea Note: This is the first in a series of articles that will address possible strategies and tactics that credit unions can adopt as alternatives to merger. Here at XTEND we recently studied more than 200 NCUA merger applications submitted by credit unions between Oct. 1, 2021, and Oct. 1, 2022. As a result of this analysis we have identified seven primary reasons credit unions have given as the primary response for a merger request.
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