THE 'tude

Before tackling this week’s interesting mix of items from CU Land, including CU-people-turned songwriters, how this year’s March Madness Cinderella was compared to a credit union, and what’s happening in mergers outside CUs, I want to thank Harland Clarke for becoming the latest company to sponsor’s CUTomorrow Conference.

Within the financial services sector, it is fair to say there is an upswing in the number of mergers and acquisitions, and industry metrics tell us this trend will continue in the coming years.

Secondary capital has been available to low-income credit unions since 1996, but it has seldom been used by larger, healthy low-income designated institutions seeking to fuel growth, revenue and service to members.

n an ironic twist to the just-enacted “Tax Cuts and Jobs Act,” many tax-exempt organizations - including credit unions - will be subject to a substantial new tax  that could potentially limit their ability to recruit, compensate and retain leadership talent.