During the first half of 2013, the NCUA approved 132 credit union mergers, up from 114 mergers approved as of June 30 last year, according to the NCUA’s Insurance Report of Activity.
Topics will include how to save money and resources through cooperation.
Much fanfare has been made over credit unions’ member growth resurgence over the past 18 months. It’s been wonderful to witness, and with the hard work of the entire credit union community, it can continue in perpetuity.
A lot of sunshine and just a few dark clouds set a pretty good scene for the credit union industry.
BALTIMORE — Federation attendees told of grants to pay for bringing some small credit unions out of the paper age and the living room.
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.
NCUA comment period closed Monday on proposed threshold to be defined as small credit union.
If the NCUA board’s proposed $30 million limit to define small credit unions stands, 1,603 credit unions would be excluded from risk-based net worth requirements and a provision of the interest rate risk rule, according to the NCUA’s action memo on the topic.
ALEXANDRIA, Va. — Increase among proposed rules approved Thursday by NCUA Board at its meeting Thursday.