North Carolina's Democratic governor, Beverly Perdue, unveiled a broad downsize of state agencies but the North Carolina Credit Union League is telling its members it disfavors any notion of combining bank and CU regulation.
Expanding its Michigan footprint, the $1.9 billion Lake Michigan Credit Union of Grand Rapids is merging the troubled $62 million Citizens CU of Kalamazoo giving the CU an entry into the Kalamazoo market.
Crippling budget cuts have left Arizona with just two credit union examiners to handle 22 state-chartered CUs.
The $1.9 billion Lake Michigan Credit Union is merging with the troubled $62 million Citizens CU of Kalamazoo, giving the Grand Rapids CU an expanded entry into the Kalamazoo market.
Arizona may have a new regulatory team to deal with banks and credit unions but the state has also had to face down a daunting budget crisis, which CU executives claim is hindering the examination process.