Three bills that would provide regulatory relief for credit unions are on Tuesday's House floor vote schedule.
Credit unions say NCUA examiners are pressuring them to keep long-term fixed assets below 35% of total assets, sacrificing income.
Pressured by NCUA examiners and concerned about interest rate risk, credit unions shed mortgages and other fixed rate assets, giving up income.
Bipartisan measure would "make it easier for Main Street credit unions to offer mortgages families and loans to small businesses."
Baltimore credit union takes over local thrift, to keep two branches open and 19 employees.
Maryland's financial regulator and the FDIC have approved the purchase of Advance Mutual Savings Bank in Baltimore by Municipal Employees Credit Union of Baltimore.
MECU awaits only member vote to buy Advance Bank of Baltimore.
Credit union advances one more step toward what is becoming a trend: credit unions buying banks.
Herb Yolles will be succeeded by associate regional director for Atlanta-based region, Myra Toeppe.
Kansas-based third-party originator adds wholesale and mini-correspondent programs.