More than six weeks after nearly 3,300 members voted to change the cooperative's charter to a mutual bank, Monterey Credit Union has filed with the California Department of Business Oversight for that conversion.
Move comes more than a month after members voted for the bank conversion.
Private insurance could be an easy way out for credit unions wishing to become banks. But will the FDIC welcome them in?
Those who help credit unions turn into banks say business is picking up.
Staring down shrinking margins and the confusing moniker “credit union,” some have gotten creative with their fields of membership. This is not a particularly new phenomenon but one that has garnered attention from an L.A. blogger who was just looking for a credit union to join. She’s had a great...
Staring down shrinking margins and the confusing moniker “credit union,” some have gotten creative with their fields of membership.
CUNA, ABA has no comment so far, NAFCU approves of prepaid cards having FDIC, ICBA objects.
Acting North Carolina Credit Union Administrator Rose Conner said she agreed to not release any state-issued CAMEL codes under her watch. That was good enough for the NCUA to agree Feb. 8 to end separate exams for North Carolina’s state chartered credit unions.
Separate exams in 2012 part of protracted dispute between state, federal agencies over SECU CAMEL score disclosure.
Community bankers get what could be early Christmas gift from Senate Majority Leader.