MEMPHIS, Tenn., April 18, 2023 – SRM (Strategic Resource Management), an independent advisory firm serving financial institutions across North America and Europe, announced that through the acquisition of Sievewright & Associates, its MergerMAP service is available to support credit unions considering or pursuing mergers and acquisitions.
“The credit union system continues to consolidate as credit unions focus on providing ever-increasing levels of value to their members through the benefits of scale, improved delivery and service capabilities, and greater convenience,” said Mark Sievewright, Founder of Sievewright & Associates and Chief Credit Union Strategist at SRM. “The MergerMAP service enables credit union executives and Boards of Directors to achieve their merger goals, including the evaluation and integration of their fields of membership, staffing, operations and technology infrastructures.”
MergerMAP is designed to offer credit unions a strategic and thoughtful merger and acquisition consulting partner to help guide the institution through the often arduous and highly detailed process. MergerMAP engagements are structured to provide start-to-finish support and are customized to the specific needs of the credit union.
Various aspects of the financial, human resources, operations, and technology ramifications of an acquisition or merger are evaluated, as are the unique challenges facing the leadership team. MergerMAP clients will also have access to the Sievewright & Associates Strategic Leadership Series, which includes ongoing Perspectives Reports focused on strategic planning and innovation for credit union leaders.
“The thought of successfully executing a merger or acquisition can be daunting for credit unions, and the mere idea of where to start or what to evaluate can be overwhelming,” said Ben Mrva, Chief Revenue Officer at SRM. “With MergerMAP, we are offering credit unions a proven approach and true partner to help them understand the benefits, challenges, and resources needed to complete a merger. The guidance offered in the board room will ensure the credit union is executing the best deal for their organization.”
SRM (Strategic Resource Management) has helped 1,000+ financial institutions add more than $5 billion of value to their bottom line in areas such as payments, digital transformation, core processing, digital assets, and overall operating efficiency. SRM has lowered costs, created revenue opportunities, increased productivity, and provided a competitive edge for clients in an environment of constant and accelerating change. Visit www.srmcorp.com for more information, and follow on social media via LinkedIn and Twitter for timely and relevant insights.