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.
Technology CU members will determine what they want in their CU's future; Bank of America has fiduciary duty to recoup interchange losses.
The board of directors of $1.5 billion Technology Credit Union has written the CU's 74,000 members that they may be better served by converting the credit union to a bank.
When Technology Credit Union posted its announcement that it was exploring a conversion to a mutual savings bank, CUNA and the California Credit Union League made some noise. CUNA CEO Bill Cheney said his organization feels credit unions are the best providers of service to consumers.