Mike Harrell passes away at 61 after serving the Alabama credit union for 25 years.
The Virginia credit union had been placed under conservatorship by the NCUA in April.
Credit union loan specialists will offer auto loan refis after worship services. Promotion supports church efforts to improve parishioners' finances.
The 66-year-old vice president of small credit union development died Feb. 17 after suffering a heart attack.
One credit unions, walking distance from the NCUA that was once a shining star among small credit unions crumbled this year amid allegations of fraud, embezzlement and the suicide of its manager.
Court agrees to stop dissipation of assets in Shiloh of Alexandria FCU case.
John Dupree Jr. died at age 48 on April 4, the day before the NCUA liquidated his Alexandria, Va., CDCU.
As of Dec. 31, Shiloh of Alexandria FCU reported 16.52% net worth, 1.08% delinquent loans, no charge offs and ROA of 1.37%.
Every day, six days a week, a credit union closes and never re-opens. That has been going on for many years. More than 3% of credit unions have annually closed for the past decade. By 2025, the United States will have around 4,500 credit unions.
Do the math. Look to your right. Look to your left. One in three credit unions will vanish by 2025. Find out more in this week's preview from next week's print edition.