The Occupy protest movement may be under pressure from police on its encampments, but a Occupy group in San Francisco insisted it is serious about starting its own credit union to serve the underbanked.
San Francisco organizer said he's heard from counterparts in New York, Rhode Island and Pennsylvania.
Occupy San Francisco said it filed pre-Thanksgiving paperwork with the state to charter a proposed People’s Reserve Credit Union.
CUSC said planned addition of the $60 million North Orange County CU would bring assets to $670 million after two others approved.
The $83 million Musicians’ Interguild Credit Union of Hollywood, Calif., has a beef over how examiners treat modifications on interest-only loans and its CEO/Treasurer Marc Jacoby is outspoken on the topic.
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.
Claiming it is being made a scapegoat, a Hollywood, Calif. credit union, the $83 million Musicians’ Interguild, is wrangling with regulators this week over how to treat modifications on real estate loans written as interest-only and now deemed delinquent on Call Reports.
Southern California Postal CU of Long Beach takes over; both CUs covered by American Share Insurance.
Hurry up and wait. That’s what credit union leaders and compensation experts are doing as they await the final rules from the NCUA and other regulators on incentive-based compensation.
Acting at the NCUA's behest, the $1.5 billion Western Federal Credit Union of Hawthorne, Calif. was the successful bidder last week to merge the failed $90 million Oakland Municipal Credit Union.