Digital Federal Credit Union的动态

SouthState closes Texas acquisition, passing $50 billion of assets SouthState completed the merger with Independent Bank Group Jan. 1. The deal, which was first announced in May, grows the Florida-based acquirer's assets by nearly $20 billion and expands its footprint in Texas and Colorado. https://buff.ly/3BWR9LB #FinTech #FinServ #Banking

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

?? BREAKING NEWS ?? Mergers are heating up—are you ready? ?? Big changes are happening in the credit union space! ?? The $4 billion merger between Credit Union of Southern California and LA FINANCIAL FEDERAL CREDIT UNION is just the latest sign that consolidation is accelerating—and 2025 will be even bigger. ?? With 49 mergers already approved in Q3 alone, the pressure is on for credit unions to scale up, innovate, and stay competitive. The question is—is your tech ready? ?? At Tyfone, Inc., we’re helping credit unions navigate change with cutting-edge digital banking solutions that fuel growth and keep members happy. ?? ? Don’t wait until it’s too late—let’s talk about future-proofing your institution today! Click the link to learn more: https://lnkd.in/gk3zjPmE #CreditUnionMerger #DigitalBanking #Fintech #CUConsolidation #BestTech #Tyfone #RedShoeCrew

Value, opportunity, and potential are on the horizon. Today, First Tech Federal Credit Union and Digital Federal Credit Union announced our intent to combine through a merger of equals. This merger of equals will benefit our members, employees, and communities with an unrivaled digital experience, a coast-to-coast branch network with expanded member service hours, and access to premier financial products and advisors. Following completion of the merger, which is subject to approval from the National Credit Union Administration (NCUA) and First Tech’s membership, the new entity will retain First Tech’s name and emerge as a $28.7 billion credit union serving nearly two million members with over 50 branches in eight states. Members will experience no immediate changes as First Tech and DCU will operate independently until systems and processes are integrated and operational. Learn more at https://lnkd.in/gBuz5ZBM

Piper Sandler has decades of M&A experience in the depository space. Let’s set up a call with our CU focused M&A bankers. “As credit unions grow larger, the sector's mergers are growing, too. The largest credit union deal ever was announced in 2024, and experts expect the deals to only get bigger. The credit union market is consolidating, following the same path as community banks in years past: More assets have been sold by credit unions year to date in 2024 than in the past 10 years, according to S&P Global Market Intelligence data. Credit union M&A experts foresee more large credit unions to merge in the coming years, as expectations for technology advancement, footprint growth and abundant capital favor larger institutions. “ https://lnkd.in/eMY-SYkN

?? 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

?? 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?

?? Industry Buzz: Could the NCUA’s New Rule Shake Up Credit Unions? ?? Succession planning isn’t just a buzzword anymore—it’s now a must-have for federally insured credit unions. With a third of mergers tied to a lack of planning (and some leaders estimating even higher), the NCUA’s proposed rule could: ?? Curb merger activity ?? Nudge reluctant board members to finally step down But is it enough? Some say the rule might add unnecessary burdens, especially for smaller CUs. Others see it as a long-overdue wake-up call. Why are some board members hanging on so tightly? And what could this mean for the future of credit unions? ?? Click to dive deeper into this heated debate: https://lnkd.in/g7fvhtxM

I have a feeling that 2025 is going to be a BIG year for M&A. While we have always watched this closely in the banking space, it is interesting to see so much of it happening with Credit Unions as well. They are feeling many of the same cost pressures that banks are and scale is the universal fix many are gravitating to. M&A carries considerable risk, especially concerning merging culture and values. It will be interesting to see how next year plays out regarding the continued consolidation of the banking landscape. #Mergers #MandA #banking #creditunions

?? Exciting news in the credit union world! Peach State Federal Credit Union and Pinnacle Federal Credit Union have officially merged, creating a $1 billion-asset organization serving nearly 78,000 members. This merger brings together two long-standing institutions with a shared commitment to serving educators and putting people first. The combined organization will continue to provide exceptional service to its members with no branch closures and a seamless transition in the coming years. Read more about this latest merger here: https://bit.ly/3B8O8Hr #CreditUnion #FinancialServices #MergerNews #PeachState #Pinnacle #CommunityBanking #Tyfone