Alaska USA FCU sells off its $5.5B trust subsidiary.
John McCloy promoted from within in Colorado, and other industry career news.
Doug Ferraro, president/CEO of the $2.7 billion Bellco Credit Union of Greenwood Village, Colo., was elected chairman of CO-OP Financial Services.
The president/CEO of the $2.7B Bellco Credit Union has been on the CO-OP board since 2010.
New law says marijuana financial cooperatives can not call themselves credit unions.
Learn how high-performance boards create strong strategic plans and keep them relevant.
An almost merger of equals between $65M and $150M credit unions is among the planned consolidations.
The $5.5B credit union sells its subsidary, which has more than $55B under administration, to a local Anchorage firm.
Announcement comes as two credit unions begin offering services to marijuana businesses.
Speed is the common denominator when shoppers hit dealer lots for quick financing.