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.
California league, CUNA CEO's express misgivings about Tech CU proposed conversion to bank.
Four state leagues–California, Texas, Georgia and Ohio–have organized a new Dallas firm, CU Partner Link, to develop new state-of-the-art products and services for member CUs concerned over lost income.
California, Texas, Georgia, Ohio leagues getting together in Dallas-based operation to find new sources of income.
The July 21 graduating class of the Western CUNA Management School was also its 50th.
CEO Brad Beal says broader field of membership helped drive decision to ask members to approve shift.
Going into her new role as president and CEO of the California and Nevada Credit Union Leagues in October 2010, Diana Dykstra had nearly three decades of experience working for California credit unions, which allowed her to build many relationships. So it made sense that becoming head of a league...