A credit union that fought the NCUA to become a mutual bank in 2005 has moved on to become a stock-issuing bank.
Donna Steckino, president/CEO of Community Credit Union in Lewiston and Auburn, testified on behalf of the Maine Credit Union League at a public hearing before the Insurance and Financial Services Committee in Augusta.
Washington State's credit union regulator disputes suggestions that legislation her department supports would endanger the rights of credit union members to criticize their credit unions.
Just as one former credit union turned bank issues its first stock, another has announced that it will abandon its previous mutual holding structure to become a fully stock issuing institution.
A holding company for OmniAmerican Bank, formerly OmniAmerican Credit Union, started trading stock on the NASDAQ stock exchange this morning after members of the federally chartered thrift voted to approve a conversion to a stock issuing bank.