Diamond Lake Federal Credit Union Case Study

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To: Brian Van Bibber From: Randy Morris Subject: Acquisition of Diamond Lake Federal Credit Union Date: 04/06/12 Business Brief Diamond Lake Federal Credit Union is acquisition that this company can ill afford to over look. The company has three locations in Arkansas; one location in Malvern, AR. and two locations in Hot Springs, AR. There are several reasons why this company would be a very good acquisition; they have a history of good community…show more content…
In 2011 the company had a total of 1,884 volunteer hours. Some of the organizations they volunteered for: Arkansas Children’s Hospital, Relay for Life, Recovery Walk, Brickfest, Habitat for Humanity, College of the Ouachitas, United Way, Malvern/Hot Spring County and the Greater Hot Springs Chambers of Commerce, Back to School Blast, 4-H, Linden Street Daycare, food drives for the Rose Food Pantry and Jackson House (ig.libertyonline, 2012). Youth Literacy is another organization they donate to. Diamond Lake Federal Credit Union believes in a positive influence on the…show more content…
1. Name and address of Corporation * It will serve the company well to continue to use the name and corporate address will remain in Hot Springs, AR. Diamond Lake has been a fixture in this community. Using this fixture will allow easy access to branch out. 2. Objective of the corporation * To provide quality service that continues to be of service to the community. To make sure stockholders satisfaction and business continues to perform at an optimum level. 3. Class of Stock * To continue to operate as a Private Corporation, preventing the sale of public stock. Utilizing current company rules of allowing individuals that operate in the company county to utilize the company’s services. 4. Financial
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