The latest updates on bank purchases by credit unions.
At first glance, Louisiana Corporate CU’s 2011 financial report shows an institution that increased total capital by $442,565 over the previous year, for a total of $8.9 million. However, the $218 million corporate will have to contend with $2.2 million worth of membership capital shares on notice.
Louisiana Corporate boosts capital while preparing payments exit from U.S. Central and awaiting merger with Corporate America.
Correspondence between Alabama, federal regulators say OCCU Director Scott Hunt told Corporate America CEO to quit talking to media or the agency "would not support CACU."
The former chair of the NCUA, JoAnn Johnson, is going back to supervising credit unions. Johnson was named last week by Iowa Gov. Terry Branstad as the state's new superintendent in the Iowa Division of Credit Unions.
Alabama Gov. Robert Bentley, a Republican, has appointed former APCO Employees Credit Union CEO Larry Morgan as the state's top credit union regulator.
Kenneth Feinberg, the Obama administration's claims czar on the BP oil spill, has now heard directly from Southeast credit unions that they're ready to provide check assistance to the victims and are hoping a loan guarantee plan can be set up.