One league CEO fears the move, which NAFCU members will begin voting on Wednesday, will fracture the credit union movement.
State chartered credit unions in the state see a 22.6% net income increase in one year.
Editorial commentary on current issues from CU Times' editorial staff and correspondents.
Outside Alabama One, the state-chartered credit union system is fundamentally sound, regulators and executives say.
National Institute of State Credit Union Examination elects board members.
Whatcom Educational CU volunteers to go first. "We have so many auditors looking at us anyway, what's one more?"
In mid-October, Whatcom Educational Credit Union in Bellingham, Wash., will undergo one of the Evergreen State’s first separate examinations for consumer compliance, now required of all Washington state chartered credit unions with more than $500 million in assets.
John Kolhoff, director of the Michigan Office of Credit Unions, has been elected chairman of NASCUS, the association said Monday.
BECU General Counsel Parker Cann receives Pierre Jay Award at trade group's Idaho confab.
If the three largest state-chartered credit unions in California were to convert to federal charters, the state’s regulator would lose $1.7 million of its $7.2 million budget, leaving small and midsize state-chartered credit unions to subsidize that loss.