Credit unions still hold an edge over banks when it comes to trustworthiness, according to the latest consumer poll conducted by the college-based Chicago Booth/Kellogg School Financial Trust Index.
The near-term economic fallout from the BP oil spill on Mississippi credit unions appears to be under control but the worry remains on the long-term impact on the tourist trade, the state's top regulator said Wednesday.
Regulators from Gulf Coast states have been invited to participate in an industry-sponsored three hour/workshop/seminar Aug. 30 exploring examiner flexibility on BP oil spill loans to fishermen, boat operators, and small businesses.
Navy Federal Credit Union and Gulf Winds Federal Credit Union have been playing important roles in the BP oil spill restoration.
Navy Federal Credit Union, through its big Pensacola, Fla. operation, has joined others in the BP oil spill restoration.
Regulators in Louisiana are about ready to conduct a more formal, second survey of financial conditions impacting credit unions as a result of the BP oil spill, the state's top examiner, Sidney Seymour, said Thursday.
If all goes as planned, there will be 3,000 more active lenders in the SBA's 7(a) loan program by September 2011.
Interchange remains just as much a searing issue among Louisiana credit unions as elsewhere but "we are being respectful to our Congressional delegation" because of the BP oil spill, the Louisiana Credit Union League said Friday.