Fourteen credit unions with less than $50 million in assets were merged out of existence.
A Sept. 11, 2013, story in Credit Union Times (Small Business Owners’ Plea to Credit Unions: Earn My Business) reported on a focus group of small business owners, who generally concluded that credit unions are having a hard time serving their needs compared to banks.
A credit union helped a small-time baker grow from delivering home-baked goods to parties and weddings to placing Bundt cakes on regional grocery store chain shelves with a microloan of less than $50,000.
Filene Report examines benefits and risks of microloans and says they might be well-suited to credit unions.
Credit union has office in facility where shootings occurred Monday morning.
The NCUA approved 23 mergers in July in 18 states, bringing the total number of approved mergers to 155 for 2013.
By the time next year rolls around, Truity Credit Union in Bartlesville, Okla., will be ready to comply with new mortgage loan requirements from the Consumer Financial Protection Bureau. Thanks to policies and procedures already in place, the final adjustments won’t likely be traumatic for the credit union.
New York credit unions attract attention at Albany gathering on Thursday.
Six guidelines in place, seventh coming in October.
Former El Paso Employees FCU adds new service to new name in west Texas town.