Credit union will buy up to $25 million in federally guaranteed student loans from state agency in program that gives defaulters another chance.
CEO Jim Blaine said nation's second-largest credit union is sound and that SECU "can't get a straight answer" from federal regulators.
Credit union helps qualify struggling members for state foreclosure prevention program.
State Employees’ Credit Union said it helped nearly 65,000 North Carolina taxpayers save more than $8 million in preparation fees, claim more than $86 million in refunds this tax season.
North Carolina credit union says it saves unemployed, child support recipients more than $8.4 million in ATM fees annually.
State Employees' Credit Union says no returns from Fannie Mae or Freddie Mac in 10 years.
While the CAMEL disclosure controversy shows no signs of slowing down, maybe it’s time for reasonable heads to prevail and allow both sides to reflect upon the fallout from State Employee’s Credit Union’s action.
League survey finds nearly a third ready to change to federal charter if state, federal regulators don't end dispute, dual examinations.
Two billion-dollar credit unions are currently seeking to convert to a bank charter. Another, HAR-CO Maryland FCU with a not-insignificant $193 million in assets, is also seeking a conversion. These credit unions, if successful, will necessarily leave the credit union trade associations and the NCUSIF.
Now in its sixth month, the CAMEL rating stalemate in North Carolina between the NCUA and the North Carolina Credit Union Division morphed into new territory last week with Jim Blaine, the president/CEO of State Employees’ Credit Union, again attacking the NCUA’s credibility.