Catalyst Corporate Federal Credit Union has named 24 credit union professionals to serve as members of its newly formed Catalyst Councils.
Western Bridge members are being invited to a series of town hall meetings that Catalyst Corporate Federal Credit Union is planning in January and February.
Texas-based corporate says its aim is to ease transition to new corporate after winning right to buy remnants of WesCorp.
The email from the NCUA to current Western Bridge members summed it up. “The National Credit Union Administration Board awarded Catalyst Corporate Federal Credit Union (Catalyst) the exclusive right to acquire Western Bridge Corporate Federal Credit Union (Western Bridge).”
If credit unions were looking for a lending panacea in 2011, it was nowhere to be found. It wasn’t for a lack of money to lend because many cooperatives were awash in funds, economists said over the course of the year.
NCUA awards Texas-based corporate "exclusive right to acquire" remains of WesCorp.
Fresh out of college a few years ago, Tyler Leonhardt accepted a position at Bank of America.
One industry expert believes credit unions can become a new member’s primary financial institution without negatively impacting the delivery costs of their products and services.
Despite a 7.5% increase in auto sales over the past 12 months, credit unions are not enjoying the uptick in related lending activity.
At best, modest loan growth is the most credit unions are experiencing even as auto sales increased by 8% in September.