California Credit Union League President/CEO Diana Dykstra said she’s upset about a string of lawsuits in her state accusing credit unions of unfair and illegal overdraft practices. And she accused attorneys in the state of “fishing for members.”
New strategies for growth amidst high unemployment, lending losses in the Golden State. Find out more in this preview from next week's print edition.
California League President/CEO Diana Dykstra said attorneys are “fishing for members” to take part in class action lawsuits alleging improper overdraft practices.
Most credit union leaders decline comment on order against failed corporate leaders but some criticism emerges.
California’s $3.1 billion Kinecta Federal Credit Union, party to a delayed mega-merger with the $1.1 billion NuVision CU, is in recovery mode this month, tending to a battered mortgage portfolio.
Kinecta-NuVision merger delayed while three-way Ohio merger moved forward; each with a CEO in charge of two credit unions at once.
Record numbers of member enrollments are continuing among California credit unions, according to the California Credit Union League, and at Maryland’s largest credit union.
League CEO visits fledgling CU system.
Record account openings reported by California Credit Union League, SECU in Maryland.
Los Angeles credit union said cards were rejected because of expiration dates and members told to offer 'big bank' cards.