MC² Experience’s Post

I am deeply troubled by the merger between CUNA and NAFCU. Both organizations have been dedicated to addressing distinct needs within the Credit Union industry, and I fear that combining them will dilute their individual focus and priorities, ultimately leading to diminished value for their members.   The merger's potential repercussions are concerning, as it could significantly limit choices for Credit Unions. Smaller credit unions may find themselves overshadowed by the priorities of larger ones, leading to a situation where their voices are drowned out and their unique perspectives are disregarded.   This proposed merger contradicts the very essence of the credit union movement and its principles. The movement has always stood for empowering individual institutions to serve their communities effectively, and this consolidation threatens to undermine that spirit of independence and community focus.   I believe that the credit union industry can thrive best when each organization maintains its distinct mission and purpose. I strongly encourage decision-makers to reconsider this merger and instead find ways to enhance collaboration and synergy between CUNA and NAFCU while preserving their unique identities and contributions.

I’ve always seen NAFCU and CUNA as having different core competencies in the market. It will be interesting to see if the combining of the two will preserve that, or if a unified singular direction comes to fruition. I can’t say as if there is any surprise here as the credit union market continues to consolidate.

Cozzie livs, pricey gees, unfy tees and a singing politician in our latest #TheCompetitiveEdge podcast - which is mostly about #merger reforms! 🎙 #pricegouging #unfairtrading Gilbert + Tobin #competitionlaw #consumerlaw

Gary Pica, president, TruMethods has his finger on the pulse of MSP M&A. Having been involved in over 7 acquisitions and personally selling two MSPs himself, Gary brings a wealth of experience to the table. In this eye-opening clip from our latest M&A Unpacked interview, Gary shares the top lessons he's learned in M&A. Are you making these mistakes? Watch now and then check out the full interview here: https://bit.ly/43rkOG5 #MergersAndAcquisitions #MSPs #BusinessInsights

Join Adam Morris, Daniel Welling with guests Hillary Stiff and Frank Stiff in exploring MSP acquisitions in the latest episode of "It's a Numbers Game". Discussion includes essential tips for preparing your MSP for sale, understanding valuations, and exploring how your operational choices affect potential deals. Perfect for MSP owners aiming for that seamless exit strategy. Tune in now for actionable insights that could redefine your business's future https://lnkd.in/e_iqQf5j #MSPAcquisitions #BusinessGrowth #ItsANumbersGame

Continuation of the talk I had on M&A with Dean Cottrill. Here we focus on a couple practical but critical steps a broker-owner should take now to maximize what they net when selling their brokerage.

One of the many great things about our organization is how we skip over rumors and conjecture and go straight to the players for the facts about industry events like what happened earlier this week. Our team of industry experts has its finger on the pulse of all things happening in financial institution payments and technology and brings that insight to our clients as an extended part of their organizations. We make a difference together. From Cards to Digital to Core to Telecom and everything in between, our strategic consultants live and breathe the things that financial institutions need. Please reach out and let’s talk about your organization and how we can help. #strategicpartnerships #financialinstitutions #teamwork #engagefi

Unlocking Success: ATW's Q1 2024 Financial Insights Explore the key insights from ATW's Q1 2024 financial report, highlighting remarkable achievements in revenue growth, net profits, and new order acquisitions. Learn about ATW's commitment to sustainable development and its vision for future business expansion. #ATW #FinancialReport #Q12024 #Growth #Sustainability #FutureExpansion

Engage fi Spotlight This potential merger between PSCU and Co-op Solutions is indicative of ongoing trends across the industry where companies are increasingly looking to consolidate in order to remain competitive in a rapidly evolving market. After speaking with both organizations (kudos to Chuck Fagan and Dean Michaels for their level of open and transparent communication by them personally and both their organizations), it is evident that this merger is driven by the need to achieve economies of scale, accelerate innovation, attain pricing efficiencies, and enhance their member’s experience. However, it can potentially have a notable impact on financial institutions based on fewer choices for partnerships and services in a payments sector that already had very limited options, and at Engage fi we will be closely monitoring the impact on financial institutions from both an advantages and challenges perspective (more on that below from Jennifer Addabbo and I - https://lnkd.in/gQZdURhT). For further insights and advisement on how this industry-shaping merger may affect your credit union, feel free to reach out to me and my team at Engage fi. #engagefi #trustedadvisors #engagefidifference #creditunions #financialinstitutions #payments #fintech #mergersandacquisitions