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.
President/CEO Pete Pritts announced some major changes at the $2.2 billion Corporate America Credit Union in a July 18 letter to members obtained by Credit Union Times. Since taking the helm of the Irondale, Ala.-based corporate in November 2012, Pritts has put together an almost entirely new senior and middle...
Managers shuffled, staff reduced, balance sheet revamped and new fee structure coming for Alabama-based corporate.