What the Tennessee Electric cybersecurity suit against TriSummit Bank means for credit unions.
The bank is located outside the Tallahassee-based credit union's field of membership.
Ballot package reveals MCU's bank charter plans.
MCU says of the 21% of members who voted, 80% supported the charter conversion.
Private insurance could be an easy way out for credit unions wishing to become banks. But will the FDIC welcome them in?
A 2011 opinion letter says state chartered credit unions could convert through a purchase and assumption transaction.
Those who help credit unions turn into banks say business is picking up.
Credit union trade associations make two fresh moves on Capitol Hill.
Since 2010, bank branches have decreased in the suburbs while increasing in city centers.
The $399M credit union could potentially gain 600 new members and about $12M in deposits.