INDIANAPOLIS–A review of newest half-dozen disclosure forms by credit unions proposing to merge finds some of the usual reasons being cited, but also one case of a board of an acquiring CU apparently deciding if the CU it is merging in will return any capital to members, a CU being acquired that had double the net income of the acquiring CU (even though the former is half the size of the latter) and just one CU returning any of its net worth to its owners.
KOLOA, Kauai–The most frequent question asked of Co-op Solutions by credit union leaders, according to one company executive, is a common one: where should the CU should be investing?
JACKSONVILLE, Fla.–VyStar Credit Union reports it continues to make “notable progress” in restoring service to its online banking platform, and that it will no longer be “proactively refunding” fees that resulted from the outage effective this week.
CHELSEA, Mass.. – Metro Credit Union said it has “reinvented its retail and contact center employment and compensation structure” as part of a Universal Program Model so that all income branch retail and Member Service Center reps are paid at least $50,000 annually.
ALEXANDRIA, Va.– The U.S. Senate by a vote of 59 to 40 gas confirmed NCUA Chairman Todd M. Harper to a new term on the board that is to expire April 10, 2027.
WASHINGTON—Senate Banking, Housing, and Urban Affairs Committee Chairman Sherrod Brown (D-OH) has written to Treasury Secretary Janet Yellen, who oversees the Financial Stability Oversight Council (FSOC), to express concern with the collection and sale of consumer financial data practices.
WASHINGTON—The House Armed Services Committee should reject any bank attempts to share the land lease arrangement between the Department of Defense and credit unions, CUNA, NAFCU and the Defense Credit Union Council told the House Armed Services subcommittees, which begin markups of the FY23 National Defense Authorization Act (NDAA) this week.
WASHINGTON– The Fannie Mae Home Purchase Sentiment Index (HPSI) remained relatively flat in May, decreasing by only 0.3 points but inching nearer its 10-year- and pandemic-low of 63.0 from April 2020.
MADISON, Wis.–Housing instability is reflected in economic instability, according to Filene, which will host a webinar today at 12:00 p.m. ET dedicated to the issue.
DUBUQUE, Iowa — Dupaco Community Credit Union is reporting it has officially welcomed the former customers of Madison, Wis.-based Home Savings Bank as members, after successfully completing its acquisition of the bank and the account data conversion.
