NCUA Inspector General says poor investment decisions by executives and volunteers and inadequate oversight by the NCUA were the key factors in the heavy losses at Members United Corporate Credit Union.
Cincinnati-based Fifth Third Bank continues to gain visibility as an alternative to corporate credit unions, but senior bank executives also made plain that their approach to credit unions fundamentally differs from a corporate’s.
CEO Lee Butke expects 850 natural member credit unions to sign on by year end.
The NCUA board on April 21 approved a final corporate credit rule that left out two controversial provisions.
Upbeat tone marks annual meeting for Eastern Corporate Federal Credit Union.
Members United Bridge panel selects new name, plans May webinars on new corporate's details.