tag:blogger.com,1999:blog-319775530671726401.post7759283750189968238..comments2023-10-01T09:18:26.162-04:00Comments on Keith Leggett’s Credit Union Watch: Emergency Mergers and Hybrid Common BondsKeith Leggetthttp://www.blogger.com/profile/14794334790117033547noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-319775530671726401.post-85898900175382176782017-01-11T08:56:10.173-05:002017-01-11T08:56:10.173-05:00Mike:
Financial Partners is a state charter. Acc...Mike:<br /><br />Financial Partners is a state charter. According to 10 CCR 30.51, a California credit union is permitted to have a hybrid charter.Keith Leggetthttps://www.blogger.com/profile/14794334790117033547noreply@blogger.comtag:blogger.com,1999:blog-319775530671726401.post-45405234298137382442017-01-10T03:39:04.459-05:002017-01-10T03:39:04.459-05:00I forgot to mention in my previous post that my ma...I forgot to mention in my previous post that my main concern was value due this small credit unio union bring to this merger? After the merger Financial Partners changed their field and f membership section on their web site to include anyone who is a member of AARP. To my knowledge their is only one group using AARP. If this is the case Financial Partners just increased there potential field of membership to approximately 12 million consumers. I did not think this is is fair in anyway especially when a large number of AARP members reside in CaliforniaAnonymoushttps://www.blogger.com/profile/17480118234470606317noreply@blogger.comtag:blogger.com,1999:blog-319775530671726401.post-67542647657461084972017-01-06T10:55:05.248-05:002017-01-06T10:55:05.248-05:00Look at the last 12 years of Unify, very aggressiv...Look at the last 12 years of Unify, very aggressive in merger activity. Most of it was government-assisted. That FCU has both government-employees (Oakland & Concord) and private-sector (Northrop Grumman, Toyota, etc). But it is a national credit union because of its major SEGs and willingness to merge with smaller CUs in areas that it currently does not have a footprint. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-319775530671726401.post-35405453534128694242017-01-05T21:10:27.978-05:002017-01-05T21:10:27.978-05:00I was surprised that you have not commented on the...I was surprised that you have not commented on the agreesive expansion of Western FCU changing brand to Unify Financial. Most recent merger Fiscal Credit Union, Glendale, CA. Their field of memberships are Private vs Government. As far as I know this was not government assistedAnonymoushttps://www.blogger.com/profile/17480118234470606317noreply@blogger.comtag:blogger.com,1999:blog-319775530671726401.post-7722764898537637202017-01-05T17:12:09.263-05:002017-01-05T17:12:09.263-05:00FYI - the Navy/USA merger was years ago. Maybe eig...FYI - the Navy/USA merger was years ago. Maybe eight or so. Impacted the California market when Navy came to San Diego. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-319775530671726401.post-6623194443962442192017-01-05T17:10:55.982-05:002017-01-05T17:10:55.982-05:00Without that enticement, out of the area credit un...Without that enticement, out of the area credit unions would have no reason to rescue a troubled CU. That is why you have seen out of state CUs come in and do emergency mergers. Anonymousnoreply@blogger.com