Integrations

PrecisionLender, the digital banking software vendor's largest acquisition to date, sells sales coaching software.

Hawaii Pacific Federal Credit Union merged into the Honolulu-based institution last week.

Once the Pennsylvania Credit Union Association and the New Jersey Credit Union League complete their merger, the group will go by CrossState Credit Union Association.

The merger of Bi-County PTC Federal Credit Union into BlueOx is expected to be completed on Jan. 1.

A deal to join the Illinois- and Maine-based institutions was called off because of differences that came up during the due diligence process.

Members of tiny CARCO Federal Credit Union have voted to approve a merger into Educational Systems FCU.

The merger of Cornerstone Community Credit Union into the Moline, Ill.-based Vibrant is expected to close on Oct. 1.

AvidXchange is expanding its outreach to lenders with its purchase of BankTEL, which currently does business with 20% of U.S. banks.

The two credit unions are expected to complete the integration on Oct. 1 for a combined institution of nearly $3 billion in assets.

CDCUs provide essential financial services in underserved communities but these institutions can struggle to keep up with compliance and technology demands.

North Side Community FCU served the underbanked before it joined Great Lakes earlier this month.

LA Financial's planned merger into Ventura County Credit Union is expected to be completed in early 2020.

3Rivers Federal Credit Union in Indiana will pay about $38 million for West End Bank.

Once the merger between Infinity FCU and Vibrant CU is completed, the combined institution will have 17 branches across five states.

Shelby Community has just 1,000 members and $5 million in assets and will complete the merger into 1st Liberty by the end of August.

With the industry continuing to consolidate, credit unions must address mergers in their strategic planning sessions so they are ready to be on either side of the deal when the opportunity arises.

Credit unions can usually limit attrition of consumer accounts after a bank acquisition, but maintaining relationships with business customers is the bigger challenge.

Spartan FCU members approved a deal earlier this year to join South Carolina Federal Credit Union.

Arizona Federal Credit Union said its deal to buy Pinnacle Bank is the first of its kind in the Grand Canyon State.

Embers Credit Union and Upper Michigan Community CU will open their doors as a merged institution on June 3, nearly a year after members voted to approve the deal.