SPM Strategic Process Management Merger Due Diligence Essentials
The SPM Credit Union

Merger Due Diligence Essentials

Due diligence runs both ways. The surviving credit union needs to know what it inherits. The merging credit union needs to know what its members, staff and community will get. Each side has its own checklist.

Enter your details to view the checklists

Required to view. You get the Survivor Edition and the Merging Partner Edition, each in PDF and editable Word.

Survivor Edition

For the surviving credit union

What to review before you sign: the risks, costs and commitments you would inherit.

Review items
117
Areas
16
Critical items
47
Pages
9

What it covers

  • Governance and legal
  • Regulatory exams
  • Financial statements and capital
  • Loans, delinquency and CECL
  • Investments, liquidity and interest rate risk
  • Shares and deposits
  • Technology and cybersecurity
  • Vendor contracts and exit costs
  • Compliance and BSA/AML
  • People, compensation and pensions
  • Facilities, members and brand
  • Insurance and merger accounting
PDFWord (editable)
Merging Partner Edition

For the merging credit union

What to confirm for your members, staff and community, and whether the survivor can keep its promises.

Review items
66
Areas
11
Critical items
34
Pages
7

What it covers

  • The survivor's financial strength
  • Regulatory standing and track record
  • Value to members: rates, fees and eligibility
  • Branches and community
  • Your people: jobs, pay and benefits
  • Board seats and local voice
  • Brand and identity
  • Technology and conversion
  • Who pays to unwind your vendor contracts
  • The merger agreement: get it in writing
  • Fiduciary duty, NCUA process and member vote
PDFWord (editable)

Inside each checklist

What to look for

Every review item explains what to check and the red flags to watch, with columns for an owner and a done box.

◆ Critical items first

The reviews most likely to change the price, the terms or the decision are marked so your team does them first.

Area conclusions

Each area closes as clear, issues to resolve, or a deal-breaker, so nothing is left open.

Red flags and sign-off

Ten red flags that should stop or reprice the merger, and a sign-off page for the board.

Start with the numbers: run both charters in THE SPM CREDIT UNION MERGER ANALYSIS and review the Combined Balance Sheet. More free tools are in the SPM CU Tool Box.

Ready to act?

SPM leads merger due diligence for both sides, integration planning and post-merger strategic planning and execution, including a populated project management plan with every workstream, owner and milestone. To discuss what SPM can do for your credit union, email:

[email protected]