The proposed buyout by GFA Federal Credit Union of a troubled New Hampshire savings bank continues to generate industry interest but with a pivotal question: Can the credit union and bank clear the legal hurdles with the NCUA, the Comptroller of the Currency and the FDIC.
I recently received an email from a group of Washington lawyers who ply various trades of a legal nature, including trying to convince credit unions that switching to a mutual charter (with the not-so-subtle understanding of a later move to stock) would be a great idea.
GFA FCU will seek regulator approval to buy bank in Granite State, just weeks after Michigan credit union completes purchase of Indiana bank.
Except for Newt Gingrich’s two mischaracterizations, credit unions haven’t come up as an issue in this election campaign so far.
Approximately 45% of federally insured credit unions would have to develop interest rate risk management policies that include extensive use of risk measurement systems and internal controls, according to a rule approved by the NCUA Board at its Jan. 26 meeting.
Approximately 45% of federally insured credit unions would have to develop extensive new interest rate risk management policies, according to a rule issued by the NCUA on Thursday
NASCUS, state bank supervisors weigh in on interchange delay effort.
Wisconsin-based Royal Credit Union has finally completed its purchase of a large chunk of a troubled community bank's assets.
There's just no comparison between a foreclosure or walk-away from a $5.4 billion Manhattan 56-building complex and a defaulted loan on a small retail space in a strip mall.