John Weinkowitz's guest appearances

John Weinkowitz

The CU2.0 Podcast

Robert Siciliano

Stephanie Smith

Amanda Cohen

Jack Henry

Paul Davis

Daniel Ford

Brad Smith

John Lanza

Scott Anderson

Bob Fisher

Raj Bhaskar

Jon Ogden

Chris Skinner

Bill Brooks

Thomas Frey

OwlTail

Credit unions are buying so many banks the Wall Street Journal refers to this as a "spree."Just in the first eight months of 2018 there were 21 transactions, compared to 12 in the prior five years, by the WSJ count.What is going on here?We put that question to John Weinkowitz, Head of Product Strategy, CommunityMarkets, Finastra, and himself an m and a expert.Is this doing business with the devil?Should this put into jeopardy the credit union tax exemption - as many bankers are insisting?What drives the transactions? The need to grow, said Weinkowitz. FIs below a certain size find it more difficult to compete. So some put themselves up for sale.  And others go hunting for acquisition partners.The allure for credit union execs is an immediate increase in members, deposits, and also - in many cases - branches.But are they factoring in predictable attrition?Do they have a strategy for employee retention - which may be critical to making an acquisition work?Before buying a community bank listen to this podcast. You don't want to ignore that advice.The podcast is here.Like what you are hearing? Find out how you can help sponsor this podcast here. Very affordable sponsorship packages are available.Find out more about CU2.0 and the digital transformation of credit unions here. It's a journey every credit union needs to take. Pronto

Credit unions are buying so many banks the <a href="https://www.wsj.com/articles/credit-unions-go-on-bank-buying-spree-11567515601" rel="nofollow" target="_blank">Wall Street Journal</a> refers to this as a "spree." Just in the first eight months of 2018 there were 21 transactions, compared to 12 in the prior five years, by the WSJ count. What is going on here? We put that question to John Weinkowitz, Head of Product Strategy, CommunityMarkets, Finastra, and himself an m and a expert. Is this doing business with the devil? Should this put into jeopardy the credit union tax exemption - as many bankers are insisting? What drives the transactions? The need to grow, said Weinkowitz. FIs below a certain size find it more difficult to compete. So some put themselves up for sale.  And others go hunting for acquisition partners. The allure for credit union execs is an immediate increase in members, deposits, and also - in many cases - branches. But are they factoring in predictable attrition? Do they have a strategy for employee retention - which may be critical to making an acquisition work? Before buying a community bank listen to this podcast. You don't want to ignore that advice. The podcast is here. Like what you are hearing? Find out how you can help sponsor this podcast here. Very affordable sponsorship packages are available. Find out more about <a href="http://cu2.0/" rel="nofollow" target="_blank">CU2.0</a> and the digital transformation of credit unions here. It's a journey every credit union needs to take. Pronto

CU 2.0 Podcast Episode 65 John Weinkowitz on Credit Unions Buying Banks, Live from Finastra Community Markets