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 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.
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.