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Look Before You Merge: Critical Issues Related to Credit Union Mergers

At a recent presentation, Clifton Gunderson experts discussed how the new merger rules that went into effect for mergers consummated in the fiscal year beginning after December 15, 2008 (i.e. 2009 for calendar year ends) will affect credit unions as well as best practices, planning, and other transaction issues including:

• Determination of purchase price where there is no consideration given;
• The valuation process behind ASC805 (Formerly SFAS 141R);
• Post merger accounting concepts;
• One Year Later: Impairment