When supermarket giant Whole Foods Market opened a store in a Sacramento neighborhood, a local food co-op immediately noticed a dip in customers.
This preview from next week's print edition takes a look at using cash mobs to stir up credit union business member business.
It’s been nearly two years since the passage of the Dodd-Frank Wall Street Reform Act, which for the first time since the Great Depression allows interest to be paid on business checking accounts.
Now there are two large credit unions, the $1.8 billion HarborOne Credit Union of Brockton, Mass., and the $1.5 billion Technology CU of San Jose, Calif., making plans to convert to mutual bank charters.
Making use of its new community charter, the $86 million Framingham Municipal Federal Credit Union in Massachusetts has become Metro-West Community FCU.