Maryland is the richest state in the union with a median household income of $70,004, a cool $20,000 above the national average. However, as of June 30 Maryland’s credit unions reported just 61 basis points worth of profit, well below the national average of 0.86% ROA.
The NCUA’s second listening session, which attracted approximately 100 participants to the Westin Hotel in Alexandria, Va., was intended to address exam issues and the regulatory burden. The event did address exams, but questions also revealed two potential regulatory changes.
NCUA Board Chairman Debbie Matz recently announced the appointment of Martha J. Ninichuk as deputy director of the Office of Small Credit Union Initiatives.
Ninichuk joins agency from Michigan Credit Union League.
This week's promotions, hires, announcements.
The Maryland and D.C. Credit Union Association has hired an Illinois credit union executive to take over as CEO in October.
The Maryland and DC Credit Union Association has hired John Bratsakis, senior vice president at $1.5 billion Baxter CU in Vernon Hills, Ill. as its new president and CEO.
LINX exchange open to credit unions across the nation as topic list grows.
The churning debate on the form, methods and cost of conveying the industry’s advocacy message through the state league network undergoes more scrutiny this week as yet another group of leagues tie the knot this Friday to officially organize the Denver-based Mountain West Credit Union Association.
From our June 15 print edition, credit union staffers from around the land speak on that topic. Plus, a video from the Maryland & D.C. Credit Union Association conference.