This year was a transformative year for credit unions. It was a year in which credit unions made the transition from the losses of recession to the stability and growth of recovery. During the year, the industry topped $1 trillion in assets and grew strongly to approach 94 million members.
Joint probe revealed that Barclays traders purposely manipulated the London interbank offered rate, known as Libor, for their own financial benefit.
Legal field against some big banks getting crowded.
Selection of Western Bridge CEO contingent on NCUA approval, success of capitalization campaign.
Western Corporate Federal Credit Union President/CEO Philip Perkins spoke out against some proposed NCUA corporate regulations in a letter to members that was obtained by Credit Union Times.
WesCorp President/CEO Philip Perkins wrote in a letter to members obtained by Credit Union Times that the NCUA's proposed corporate regulations as currently written contain a "number of elements that would have a detrimental impact on credit unions."