When a credit union makes the announcement that it is planning to convert to a bank, it almost always throws the industry into a tizzy.
Switch from federal to state charter first of its kind in 30 years, follows rejection by NCUA.
The $125 million First Jersey Credit Union of Wayne, N.J., has broken a regulatory barrier on FOM expansion for state charters.
First Jersey CU wins state approval to serve four new counties, 1.8 million people in metro New York.
These animated slides show how field of membership categories have changed since the 1998 passage of the Credit Union Membership Access Act.
Michigan state charter will overcome hurdles, CEO says as one of two mergers completed.