Narrow FOMs and membership expansion could create disparate impact red flags and attract unwanted examiner attention.
Montauk CU is one of four New York cooperatives serving the taxi medallion industry.
Editorial commentary on current issues from CU Times' editorial staff and correspondents.
As threats to the taxi industry rise, four New York credit unions are feeling the heat.
Four New York CUs are working to protect the value of taxi medallions and squelch app-based ride services.
Four CUs report struggles due to the ridesharing services that are crushing their FOMs.
Credit unions that make taxicab medallion loans dominate the largest average loan balance list. Find out
State high court decision allows the city of New York to sell 2,000 additional medallions for wheelchair-accessible yellow taxicabs.
New York State Acting Supreme Court Justice Arthur Engoron issued a temporary injunction against Mayor Michael Bloomberg’s 2011 plan to create a new class of up to 18,000 liveries authorized to pick up street hails in Brooklyn, Queens, the Bronx, Staten Island and much of Manhattan.
Credit unions opposed to a plan from the mayor of New York’s office to create up to 18,000 livery cabs recently received good news.