Timothy J. Coughlin embezzles $10 million through a bogus credit union, receives seven-year sentence.
Membership qualification confusion forces credit unions to offer better pricing and benefits.
Thanks to low yields and rising interest rates, credit unions could see increased early withdrawal penalties.
Email fraud appearing to be from a big bank pitches 15% yield, claiming an international partner.
The deposit accounts are now $44B below their March 2009 peak.
CUNA Mutual Group's latest trends report also says 95% of deposit growth is in liquid accounts.
I was galled at the childishness of bankers in Vermont putting the regulator up to blocking a credit union from using the term “banking” in its marketing materials, and the state regulator for his, at best, naiveté. Readers had the same reaction as you can see from the comments posted...
The credit union says there is a public outcry for VSECU's cause.