Digital Federal Credit Union的动态

I'm with you Ancin Cooley, CIA, CISA so many of these credit union mergers feel icky. I focus my spare time on helping groups that want to start new credit unions and that is the opposite of icky. But guess what they lack? Sufficient capital to open their doors...and yet.....what if credit unions in the US were like cooperatives in Italy and we were required to contribute 3% of earnings to use as capital to start new cooperatives (credit unions). . . .hmmm....that's the credit union difference. #peoplehelpingpeople

?? Prediction: With the credit giant's stagnant product improvement despite acquisitions, I foresee a potential shift in market dynamics in the upcoming year. ?? It seems that the hefty $66.45 fee per individual check is not correlating with enhanced product quality following the company's acquisitions. ?? The lack of tangible improvements may lead to growing discontent among customers and pave the way for emerging competitors to disrupt the industry status quo. ?? As the landscape evolves, smart investors and consumers will keep a close eye on alternative options that offer better value and innovation. ?? This could potentially spark a wave of innovation and competition in the credit industry, ultimately benefiting consumers with superior products and services. ?? What are your thoughts on this potential market transformation and its impact on customer choices and industry players alike?

?? BREAKING NEWS ?? Big changes in the credit union world! ?? Launch Credit Union and Community Credit Union of Florida have announced a merger, combining resources to better serve their members. With the tough operating environment for smaller credit unions, could this be the beginning of a trend? ?? ?? Read all the details here: https://bit.ly/3MBpgdw #CreditUnionMerger #FinancialServices #CreditUnionNews #Tyfone

In the News: Southern California Bancorp and California BanCorp trigger $233.6m "true merger of equals" - FinTech Futures: Fintech news ?? Discover the latest in the world of Corporate Law! Check out this insightful piece. ???? Southern California Bancorp and California BanCorp have instigated a "true merger of equals" to enhance mid-market business services. ?? [Learn more: https://lnkd.in/ejvcjGSu] #Legal #Corporate #Business #Law

Mega Deals are Back! Exciting news in the M&A market. This week we've seen a surge of big-ticket acquisitions with three mega deals leading the way with transactions worth $53 billion combined. What's driving this booming trend? A brighter outlook for interest rates, diminishing recession fears and pent-up demand. More in ‘24! #BusinessTrends, #MergersAndAcquisitions, #MarketDynamics, #finance, #economy

Elizabeth Warren wrote about the proposed Capital One/Discover Financial Services merger in The Wall Street Journal. Let's review some of the nonsense... EW: "[The merger] would create America’s biggest credit-card issuer, allowing it to charge customers exorbitant fees." RS: Nonsense. The CFPB has already proposed a cap on late fees, and will surely do the same on all of the other fees associated with credit and other payment cards. ___ EW: "Allowing a giant bank to run its own network to process billions of credit-card transactions would create a new Wall Street monster with greater power over American families and small businesses." RS: Nonsense. There are roughly 9,000 banks and credit unions in the US. Americans have choices today. Ironic that, two days before it publishes Warren's screed, the WSJ published an article titled "Why People Are Switching to Their Hometown Banks." Doubtful that the Senator read the article. Her comment isn't even an honest representation of what she and other like-minded politicians and regulators want, namely, FEWER small and mid-size banks and credit unions. ___ EW: "This may be a sweet deal for a handful of corporate executives and investors. It’s a bad deal for everyone else. When big banks get bigger, they dismantle customer service and slam Americans with junk fees." RS: Nonsense. Not paying your bills or not paying them on time has consequences. Companies--big or small--can't make their payments, whether it be to suppliers or employees. There are consequences to not paying your bills--and those consequences are NOT "junk fees." There is a kernel of truth in Warren's statement when she says the deal is "bad for everyone else." You know who's in that group of "everyone else"? Visa and Mastercard. The whole Credit Card Competition Act--which Warren supports--is all about hurting V/MC. So here's a merger that would help accomplish her goal of diminishing the V/MC's power, but she's against it. Hypocrite. ___ EW: "It’s bad for small businesses because bigger banks shrink small-business lending." RS: Banks of all sizes shrink lending when the economy turns down and lending to small businesses becomes riskier. Improve the economy and small biz lending increases. ___ EW: "the biggest credit-card companies charge significantly higher interest rates than smaller banks. The fees amount to as much as $500 a year in added costs for consumers. That’s money that could go toward rent or car repairs." RS: Those aren't fees, they're interest payments. People incur interest payments because they pay exorbitant prices for things like car repairs and have to use their credit cards. ___ EW: "Every consumer will see upticks in prices for everything from diapers to school clothes." RS: Can't be worse than the uptick we've seen from current economic policies. ___ I'm out of space. The nonsense continues here: https://lnkd.in/egWe6Njf

Whether the CapOne/Discover deal is completed or not will have little impact on merchants’ and consumers’ already high transaction costs. The real issue is in an era of payment innovation (better, cheaper, faster), why do swipe fees continue to increase so quickly with no alternatives, leading to higher prices and consumer surcharges? According to a recent CFPB report, “credit cards fees have never been this expensive” with aggregate swipe fees totaling $161bn in 2022 vs $67b in 2012.

A surge of significant M & A announcements indicates a ramp-up in dealmaking activity in 2024 following a subdued start to the year. With declining interest rates, bullish stock markets, and robust corporate balance sheets, the stage is set for an M&A boom. Read on here: https://lnkd.in/gnz-Vsk5 #finance #venturecapital #investing #innnovation #technology Forbes

Great Summary of the Capital One / Discover Financial Services in Newsweek from the consumer perspective. I appreciate Nicole Dieker including me in the story. From a consumer perspective, there are significant potential benefits. As a Bank or Credit Union, it presents, yet another high value offering in the payments space. What do you think about the proposed merger? How likely do you think it is that this will be approved? https://lnkd.in/gFPmsCZK

Attention small business owners! ???? Explore how the potential Capital One-Discover merger could positively impact you by reducing merchant fees. Stay informed and stay ahead with this article from Fast Company: https://hubs.li/Q02nnr1f0 #BusinessNews #MerchantFees #SmallBizInsights