More than six weeks after nearly 3,300 members voted to change the cooperative's charter to a mutual bank, Monterey Credit Union has filed with the California Department of Business Oversight for that conversion.
Golden State credit union leaders gather in Los Angeles this week for their league's annual meeting and convention.
Internet-based or platform lenders are stepping up their efforts to capture consumer loans.
CUNA Mutual Group expert advises credit unions to ensure mobile and face-to-face channels are in sync.
California agency says it will proceed even though statutes are mum on credit union to bank conversions.
Credit union CEO honored by the Opportunity Finance Network says his cooperative's success is more worthy of celebration.
Move comes more than a month after members voted for the bank conversion.
Credit unions in the Golden State approve 54.73% of mortgages compared to 48.78% nationwide.
The PurchaseOne program allows organizations to earn revenue from purchasing card and vendor payments.
CDFI network recognizes Bill Bynum for work in underserved and impoverished communities.