Allen Carver & Associates provides a complete range
of credit union services with an emphasis on working with each client from the
beginning of the engagement and concluding only after receipt of the final regulatory decision.
Our Firm is the only provider who works closely with the regulators until a
final decision is made. All clients to date have allowed our Firm to handle all
contacts with the regulators on their behalf.
While we cannot
guarantee regulatory approvals since the final decision is made by the
regulatory agencies, it is important to note that almost all regulatory submissions to
date have been approved.
Regulatory
Assistance
Our Firm assists credit unions in dealing with regulatory issues.
We employ the concept of “win – win” negotiations that not only helps to resolve
current regulatory issues, but establishes a positive regulatory relationship
for the future.
We are proud that almost all regulatory issues were resolved by our Firm
developing solutions agreeable to both our client credit unions and appropriate
regulators.
Speaker and
Trainer
Allen Carver, our Firm’s principal, is an accomplished speaker and trainer. He
delivers his messages in an entertaining manner that when combined with over 40
years experience in the credit union industry, results in attendee reviews that
constantly rate Allen as an outstanding speaker.
Allen can furnish speaker and trainer references upon request.
Expert Witness
Allen frequently serves as an expert witness in credit union related court cases
handling both depositions and court appearances.
Allen can furnish expert witness engagement references upon request.
Temporary Staff
Our Firm furnishes seasoned CEOs, CFOs and others to meet your temporary staffing needs. Allen can furnish references upon request.
Merger Services
Our Firm specializes in Credit Union Mergers...
Merger Experiences
While an NCUA
Regional Director processed over 1,600 mergers.
Our Firm has
completed over 350 mergers in the last several years.
We complete more
mergers than any other firm.
We charge a flat
rate price, never a percentage of assets.
We do not bill
until the regulatory proposal is complete and ready for submission for
regulatory action.
We have completed
the five largest mergers in credit union history.
We are proud that
regulators have always quickly approved all of our merger proposals.
Credit Unions
Seeking Credit Unions to Merge Into Them:
We work with
client credit unions in starting with merger partner searches, through the
entire merger process and assist in post merger tasks or any portion of
the merger process.
We assist credit unions in developing
specifications and criteria for prospective merger partners.
We contact those credit unions that have been
prescreened being careful not to identify the prospective surviving credit
union.
Once the prospective credit union has expressed
an interest, the credit union is identified.
Our staff will meet with the senior staff and
volunteers of the desired credit union.
Once merger conditions have been met our Firm
will complete all regulatory documents including due diligence if needed.
Credit Unions
Wanting to Merge Into Another Credit Union:
We develop and sent a Request for Merger
Proposal to those credit unions meeting the Board of Director’s criteria.
Our staff reviews completed Requests for Merger
Proposals.
We assist the Board of Directors and, if
applicable, senior staff in rating and ranking all bidders.
We attend interview meetings with those
prospective merger partners.
Once a merger partner is selected, we promptly
prepare the regulatory merger proposal.
Our Merger Process:
We immediately start working on proposals upon
receiving a signed proposal acceptance.
We promptly
forward a list of needed documents.
We prepare a first
draft promptly and forward it to the client for review and comment.
Within three business days after receiving our client’s list of
changes to the first draft (if any), we prepare two
copies of the final proposal (one for the regulator and one for client
files).
We even prepare
the letter to accompany the proposal to the regulator.
We prepare all
letters and documents for submission to the regulator.
We prepare Federal Trade Commission and Department of Justice pre-merger filings.
We prepare all
letters and communication pieces for members.
We can complete
your proposal within several weeks after receiving all necessary
documentation from your credit union.
Charter and Field of
Membership Services
Our Firm Specializes
in charter and field of membership changes...
Charter and Field
of Membership Experiences
We complete more charter changes than any other
Firm.
We charge a flat
rate price, never a percentage of assets.
We do not bill
until the regulatory proposal is complete and ready for submission for
regulatory action.
We work with
client credit unions from the very beginning of the engagement, through the
entire regulatory process.
Community Charters
Our Firm has completed over 300 community
proposals.
We are proud
that regulators have approved all of our community charters.
Charter Conversions
We complete numerous state to Federal and
Federal to state charter conversions.
We are proud
that regulators have approved all of our charter conversions.
Underserved Community Additions
We complete numerous underserved community
additions annually.
We are proud
that regulators have approved all of our underserved community proposals.
Trade, Industry or Profession Charters
We have prepared a number of trade, industry or
profession charters in recent years.
We are proud
that regulators have approved all of our trade, industry or profession
charters.
Previously Rejected Regulatory Proposals
Over 35% of our approvals involve charter
changes prepared by individual credit unions that were previously denied by
regulators.
While informing
clients upfront that regulatory approval for certain unusual field of
membership additions will be difficult, we are pleased that over 90% of such
submissions are eventually approved.
Our Charter Change Process:
We furnish a consulting proposal outlining the
work to be completed and pricing.
We immediately
start working on your proposal upon receiving a signed proposal acceptance.
We promptly
forward a list of documents needed, proposed business plan (how you will
serve the proposed area or group) and proposed marketing plan (how you will
get the “word out” to the proposed group or community.
We prepare a first
draft promptly and forward it to your credit union for review and comment.
We prepare two
copies of the final proposal (one for the regulator and one for your files)
within three business days.
We even prepare
the letter to accompany the proposal to the regulator.
We prepare all
letters and documents for submission to the regulator.
We prepare all
letters and communication pieces for members.
We can complete
your proposal within several days after receiving all necessary
documentation from your credit union.
.