In September, members of Technology Credit Union voted resoundingly to reject a proposal to convert their institution to a mutual bank.
The California Institute of Integral Studies has tapped Technology Credit Union to refinance its headquarters in San Francisco.
RTN Federal Credit Union of Waltham, Mass., hopes to complete merger of Medical Area Federal Credit Union of Brookline, Mass., by Aug. 1.
Suburban Boston credit union, in interview with local newspaper, explains next steps in proposed changeover to bank.
The NCUA says it's not developing a contingency plan for helping credit unions that stay deal with any new costs from more departures.
Proposed new regulations on mergers and mutual bank conversions encroach on state autonomy,
Though there aren't any conversion applications pending, past problems during certain merger past efforts triggered the draft rules that the NCUA issued on the subject last month.
ALEXANDRIA, Va. -- The NCUA Board issued three proposed regulations concerning board member indemnity and mutual savings bank conversions.
The NCUA Board unanimously sent out proposed regulations for a 60-day comment period at today's meeting.
A credit union that fought the NCUA to become a mutual bank in 2005 has moved on to become a stock-issuing bank.