Join us when Allan Prindle, CEO, Power Financial Credit Union, explains how talent and systems are helping to open PFCU’s latest growth chapter.
“Credit unions—believe it or not—have increasingly been buying banks, and we have investigated a few banks to purchase. We haven’t been able to reach a good price with any of them yet, or a mutually agreeable price. But that is definitely on our radar screen. Right now, we are in the middle of a core processor conversion. So we are changing over our entire core software system and all the interfaces. That’s taking a large part of the bandwidth of the organization and is now our primary focus. But once that is completed in April—or maybe a couple of months after that—we will be right back on the merger and acquisition hunt, trying to either merge with another credit union or acquire a bank.”
Guest: Allan Prindle
Company: Power Financial Credit Union
Headquarters: Miami, Florida
Contact: www.powerfi.org @PowerFiCU (Twitter)
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