ALEXANDRIA, Va. – Credit union board directors considering a merger can learn more about the process and its benefits in a new online training module that has been released by NCUA.
The three-part video module, available online here, examines current trends in mergers, when a credit union board should consider a merger and how to negotiate a merger agreement that best serves the credit union's interests.
A quiz at the conclusion of the module assesses the viewer's knowledge. Finishing the quiz successfully earns the viewer a certificate of completion, according to the agency.
Credit unions board members can find additional information on the merger process in a pamphlet, Truth in Mergers: A Guide for Merging Credit Unions, available online here.
Created by NCUA's Office of Small Credit Union Initiatives, the online training module on mergers is part of a video series covering a variety of subjects important to credit union boards. The Office of Small Credit Union Initiatives fosters credit union development and the effective delivery of financial services for small credit unions, minority depository institutions, new credit unions and credit unions with a low-income designation.
For info: www.ncua.gov