Credit union and bank executives tell the Republican-controlled Senate Banking Committee the CFPB needs structural reform.
Brian Quinn, assistant vice president for business services at the $857 million Franklin Mint Credit Union in Broomall, Pa., is the first to admit the system he's using to process member business loans is archaic and inefficient.
Credit union CEOs who manage more than $250 million in assets earn more in base salary and total compensation than their banking counterparts do, according to the 2013 CUES Executive Compensation Survey, released Aug. 2.
Apples vs. oranges, industry types say, especially when talking about publicly traded banks.
WASHINGTON — Credit union leaders meet with lawmakers to push for expanding access to supplemental capital.
U.S., Britain may file criminal charges this summer against Barclays employees that allegedly rigged Libor rates, according to the Wall Street Journal.
SNL Financial says credit union industry managed four new charters last year, none for banks.
The email from a usually voluble credit union executive who had been asked to comment on the secrecy that surrounds compensation of top managers at federally chartered credit unions said, “Too touchy of a subject for me. Sorry.”
“It has never been about the power or mission of the credit union,” CUNA chief pens panel leaders in reply to ABA testimony.
Two Technology Credit Union members have joined forces to fight the potential coversion to a bank charter. Carlos Rodriguez and Robert Marinace announced July 18 the creation of “Save TCU,” a group to organize other members opposed to the move.