A board of directors has the option to merge, convert or liquidate the credit union. The option to liquidate was proposed by Bill Brooks as a good option that allows members to realize their ownership interest in the credit union, [Guest Opinion: “Merger or Convert? Consider a Third Option,” April...
A March 27 article on CUTimes.com (“Citing HAR-CO Conversion, Maryland Bankers Assail Credit Union Mergers”) suggests that conversion is an option to merger and nontaxed credit unions should stop taking advantage of their status and follow the HAR-CO model.
For another week, the dispute over the CAMEL rating disclosure involving the NCUA, the North Carolina Credit Union Division and the $23 billion State Employees’ Credit Union of Raleigh, N.C., continued to roil the state’s CUs as managers expressed new frustration and anxiety over dual exams.
Consultant Bill Brooks says there are other ways to be transparent.
Treasury Department ignores credit unions in considering expanding bank and non-bank facilities powers.
"It's a Wonderful Life" offers credit unions a sharp lesson on HOME ownership.
MACUMA honors Tony Johnson and Bill Brooks with Lifetime Achievement awards.
The ride that the stock market has given us over the past weeks has had all the thrills of a great theme park roller coaster. It started with the slow tick, tick, tick as our political leaders did little to resolve the debt problem. Then we had quick and furious...
Regulators issue joint statement downplaying effect; CU Prosper CEO agrees.
Part of the fallout from the mortgage meltdown is the debate on what constitutes a qualified mortgage.