North Carolina corporate plans strategies conference for Virginia credit unions.
First Carolina Corporate Credit Union said Tuesday it is expecting a record-breaking year for its brokerage business, trading almost $200 million in securities so far this year.
Greensboro-based corporate said move allows more efficiency in meeting security requirements, follows move from state league out of shared facilities.
A temporary Federal Reserve program is quietly providing a cushion to corporate credit unions as they attempt to raise capital from members to meet NCUA regulatory requirements.
A temporary Federal Reserve program has quietly reduced the amount of capital credit unions have had to pledge so corporates can meet NCUA requirements.
The $1.45 billion North Carolina corporate more than doubled its earnings projections for 2011, ending the year $5.2 million in the black.
Private-label program aims to allow CUs to hold loans in their own portfolios.
The Carolinas Credit Union Foundation has named John McGrail as its new president/CEO.
First Carolina Corporate Credit Union announced today that it is now going to members to raise $60 - $75 million in Perpetual Contributed Capital, a "mandatory" onetime requirement.
The North Carolina Credit Union League and the league's service corporation have announced that they have voted unanimously to contribute their "fair share" toward the recapitalization of First Carolina Corporate Credit Union.