Join Michael Bell from Honigman LLP for an exciting discussion about growth planning. Mr. Bell provides a glimpse of his practice helping credit unions navigate the world of mergers and acquisitions. Mr. Bell shares his expertise regarding strategic planning and growth, key considerations for the merger process, and perspectives on field of membership and chartering. 

Key Takeaways: 

• Recognize common misconceptions and pitfalls in strategic planning around growth; 
• Understand key considerations for credit unions merging with another credit union or purchasing bank assets; 
• Learn about the optimal charter for a merger and common issues related to charger changes; and 
• Hear about potential improvements that would make the chartering and merger process easier. 

Bio: Michael Bell 

Mr. Bell serves as Chair of the Financial Institutions Practice Group at Honigman. He represents financial institutions throughout the United States and has completed over 40 M&A transactions in the past five years. In 2011, he pioneered a new option for credit unions to achieve rapid growth with the first purchase of a whole bank by a credit union. For the past decade, he has completed the majority of credit union purchases of banks and has become the nationwide leader and go-to legal adviser in this space. Mr. Bell has also helped credit unions acquire other businesses, including insurance and investment companies, trust companies, real estate brokerages, mortgage originators and specialized lenders. He additionally advises financial institutions on all regulatory matters at the state and federal level. Mr. Bell has extensive experience counseling individual entrepreneurs through publicly traded companies on strategies such as non-organic growth and strategic planning. 

Succession planning is about strategic oversight and ensuring your organization is relevant and future-focused.

In this episode of the podcast, Susan Mitchell, CEO of Mitchell Stankovic and Associates, talks about the importance of having an organization-wide succession plan, why taking a forward-focused approach is critical, how succession planning fits into the credit union’s strategic plan, and more.

Credit unions have a renewed focus on fostering member’s financial health and, increasingly, those efforts are digital and mobile-first, says Nicole Harper, director of corporate strategy at Jack Henry.

In this episode of the podcast, sponsored by Jack Henry, Harper examines credit unions’ role in fostering financial health, financial wellness trends, available mobile-first resources, challenges to promoting financial wellness, success stories, and more.

Brian Fassett, Advantis Credit Union’s director of learning and development joins today’s episode of the America’s Credit Union podcast to share how the $2 billion asset credit union in Portland, Ore., goes about finding and developing prospective leaders within the organization.

Jon Sexton, senior vice president of Culture and Leadership Development at Vibrant Credit Union, will follow with a deep look at identifying potential leaders and training them through the organization.

Join this panel discussion with Meredith Fuchs, General Counsel at Plaid, and Ben Maxim, Chief Digital Strategy and Information Officer at Michigan State University Federal Credit Union, highlighting initial takeaways from the Consumer Financial Protection Bureau’s proposed rulemaking to establish open banking and implement section 1033 of the Dodd-Frank Act. Fuchs and Maxim cover the benefits and challenges of building APIs to share consumer financial data and how your credit union should be evaluating this transition to open banking as the CFPB works to finalize its rule. 

Key Takeaways: 

• Understand the objective of the CFPB’s Section 1033 open banking rulemaking; 
• Hear a credit union’s perspective regarding their journey to build an API; and 
• Delve into some unresolved issues from the CFPB’s proposed rule. 

Credit unions deliver billions of dollars in financial benefits to both members and nonmembers—and now we can prove it.

The Credit Union Impact Dashboard from America’s Credit Unions provides an easy, interactive way to demonstrate how credit unions outperform their peers. It updates in real time to tell the credit union story, measure their transformative power, and showcase how they outperform other financial institutions.

In this episode, Schenk and America’s Credit Unions Senior Economist Ligia Vado explain the dashboard and what it can do, the importance of quantifying the credit union difference, and more.

Find the first crop of stories from America’s Credit Unions’ 2024 Governmental Affairs Conference (GAC) on last week’s podcast, where credit union leaders discussed small credit unions, member service, fintech, advocacy, and more.

We’re back at it this week with America’s Credit Unions’ Samira Salem, Northwest Community Credit Union’s Jose Garcia, Worldwide Foundation for Credit Unions’ Mike Reuter, Defense Credit Union Council’s Tony Hernandez, and Olympic gold medalist Shaun White.

Listen in as America’s Credit Unions Deputy Editor Bill Merrick and Associate Editor Brock Fritz talk with these credit union advocates about diversity, equity, and inclusion; advocacy, servicemember credit unions, and more.

Highlights from the 2024 Governmental Affairs Conference (GAC)

Conversations with some of the more than 6,000 credit union leaders who attended the year's premier advocacy event.

During March, people celebrate Women’s History Month, reflecting on the courage of women from past generations and celebrating how their efforts molded women into who they are today.

In this episode, Melanie Kennedy, president/CEO at Southwest Financial Federal Credit Union in Farmers Branch, Texas, talks about Women’s History Month, women who have inspired her, her role as a leader, advice for the next generation of leaders, and more.

Following the formation of America’s Credit Unions, the American Association of Credit Union Leagues (AACUL) has redefined its mission to focus on three pillars, according to Brad Miller, AACUL president, and Pat Conway, AACUL chair and president/CEO at the CrossState Credit Union Association. 

Those pillars are connecting with the new national trade association, serving as a voice for credit unions on legislative and regulatory issues, and collaborating with leagues across the country.

In this episode, Miller and Conway discuss how these pillars will shape AACUL’s advocacy approach and efforts, the need for collaboration, what the formation of America’s Credit Unions means for leagues and AACUL, and more.

The credit union movement is preparing for its annual trip to Washington, D.C.

The 2024 Governmental Affairs Conference (GAC), scheduled for March 3-7, will look a bit different, however.

What can attendees expect from the first GAC under the banner of America’s Credit Unions? A revamped, reenergized feel, according to America’s Credit Unions’ chief association services officer Todd Spiczenski.

Spiczenski stopped by the podcast to share all the new features and speakers, and describe the familial, collaborative atmosphere that has made GAC the movement’s banner advocacy event.