Two member credit unions say they aren’t running for the exits at Corporate America Credit Union following the July 3 announcement that CEO Thomas Bonds had resigned from the $3.3 billion corporate. However, they expressed disappointment and concern that the maverick and charismatic leader will no longer lead the Irondale,...
Alabama Credit Union Administrator Larry Morgan, who was chairman of the board for the $3.7 billion Corporate America Credit Union as recently as 2010, denied accusations that he has a conflict of interest acting as regulator on issues between the corporate and the NCUA.
Correspondence between Alabama, federal regulators say OCCU Director Scott Hunt told Corporate America CEO to quit talking to media or the agency "would not support CACU."
Alabama-based corporate to offer Smart Option Student Loan program to its credit union members.
As discussion of the impacts of NCUA’s recent memo outlining termination dates for various services offered by U.S. Central Bridge grows in the industry, one deadline has generated heated discussion–and worries–on the part of some credit union leaders. That is auto settlement, a comparatively obscure wholesale settlement service where U.S....
Is $2.5 million flow of "other income" in August statement Corporate America's settlement? No one's saying.
Editor's Note: This is a corrected version of the article that was published in the June 8, 2011, edition of Credit Union Times.