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FARGO, N.D.– The newest review of the disclosure forms credit unions must provide to their members when they are seeking to merge finds some of the typical reasons being cited—such as “improved products and services”—but also  CUs saying board members have moved away, citing a data processing conversion and an inability to find people to oversee the transition; CUs with high capital both paying and not paying out distributions, and one CU paying our more than $900,000 in compensation to five executives (plus undisclosed amounts in SERPs) as part of the merger.

MANCHESTER, N.H.–2023 will be remembered for many things, including the loss of hundreds of credit unions, just as was the case in 2022, 2021, 2020 and…. But before their names and stories are forgotten, CUToday.info takes a look back on what they told members and more.

OTTOWA, Canada—Criminals will continue to favor the use of cryptocurrency to conceal their assets from conventional banking systems, according to the Financial Transactions and Reports Analysis Centre of Canada (Fintrac).