State Employees' Credit Union to provide back-office infrastructure to $11 million Greater Kinston Credit Union.
The second-largest credit union in the nation has opened a firm to help it manage real estate on its books in the wake of the Great Recession.
A $25 million capital investment from SECU members will provide the initial funding for the organization, SECU said.
The SECU Foundation has announced a $2 million challenge grant to build the new SECU Family House at a Wilmington, N.C., hospital.
These life stage-appropriate programs target their demographic with incentives, from treasure chest prizes to loan discounts to local merchant coupons.
The list is long on 2012 news and actions emanating from the NCUA: CUSO loan participations rules, an easier op-in process for low income credit union designation, a 6.1% increase in the agency’s budget for the next fiscal year and the October departure of Gigi Hyland.
If a credit union offers voter registration and the law doesn’t allow the registrars to hand out literature from a candidate who’s a good friend of credit unions, for example, why bother?
Representatives were from four state-owned commercial banks, interested in learning about not-for-profit cooperative financial institutions.
Twenty-five dollars may not seem like a lot of money, but those small investments over the years have helped the North Carolina’s National College Savings Program’s NC 529 Plans grow to more than $1 billion.
Survey finds free checking with no minimum balance 72% of largest credit unions compared with 45% of banks.