Regulators determine the Cleveland-area, low-income designated credit union’s practices are unsafe and unsound.
Sources say regulators are soliciting merger bids for the conserved credit union, which served the taxi medallion industry.
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Credit union marks 48 straight months of positive earnings after being placed into conservatorship in 2011.
Montgomery County CU, which was placed into conservatorship in April 2015, merges into a $52 million institution.
Confusion arises over who is responsible for completing CUSO Registry information online.
Plan underway to double the number of certified CDFI credit unions by the end of 2016.
Credit union industry leaders push for an 18-month exam cycle.
Editorial commentary on current issues from CU Times' editorial staff and correspondents.
The number of credit unions filing late reports in Q3 2015 increases by 12 compared to Q2 2015.