Credit Union Times recently published my letter [Oct. 12, page 30] where I argued that interfering with any credit union’s internal governance is an ugly business and is not proper behavior for a trade association.
Technology CU members will determine what they want in their CU's future; Bank of America has fiduciary duty to recoup interchange losses.
The board of directors of $1.5 billion Technology Credit Union has written the CU's 74,000 members that they may be better served by converting the credit union to a bank.
When Technology Credit Union posted its announcement that it was exploring a conversion to a mutual savings bank, CUNA and the California Credit Union League made some noise. CUNA CEO Bill Cheney said his organization feels credit unions are the best providers of service to consumers.
There would appear to be disproportionate anguish in some credit union circles about the recent announcement that Technology Credit Union is considering changing its charter to that of a mutual savings bank.
California league, CUNA CEO's express misgivings about Tech CU proposed conversion to bank.
North Island Credit Union Chief Operating Officer Geri LaChance has been tapped as the president/CEO SESLOC Federal Credit Union of the San Luis Obispo, Calif.
Four state leagues–California, Texas, Georgia and Ohio–have organized a new Dallas firm, CU Partner Link, to develop new state-of-the-art products and services for member CUs concerned over lost income.
California, Texas, Georgia, Ohio leagues getting together in Dallas-based operation to find new sources of income.
As someone who believes in creating opportunities, the concept wait and see simply does not compute for Matt Weidler, information systems asset analyst at Evangelical Christian Credit Union.