To our clients and friends:

Jeff Cardone, Partner at Luse Gorman, recently authored an article for Tyfone, Inc.’s News & Resource titled “Credit Unions Converting to Mutual Banks – A New Paradigm?”

With the threat of taxation, along with calls to consolidate the NCUA with other bank regulators, credit unions are now considering the once inconceivable – a mutual bank conversion – to prepare for the loss of their tax-exempt status and the elimination of the NCUA as an independent regulator.

This article discusses the importance for credit unions to educate themselves on the opportunities available should fundamental changes occur that upend the credit union industry, including the motivations and considerations for a mutual bank conversion.

Luse Gorman regularly advises credit unions on credit union mergers, credit union acquisitions of banks, subordinated debt/secondary capital offerings, CUSO-related transactions, charter conversions, including to mutual banks, and other regulatory compliance and executive compensation matters.  If you have any questions related to these issues, please reach out to Jeff Cardone, at (202) 274-2033 or by email at jcardone@luselaw.com. To learn more about our firm and services, please visit our website.