CEOs of small credit unions in six Midwest states began voting last week in a now hotly contested four-way race for a CUNA board seat.
The spirited, four-way race for the CUNA board seat representing small credit unions in six Midwest states was heating up this week.
It's becoming increasingly clear that the corporate network, which has served the industry well in a particular manner, is breaking up, with each corporate going its own way, the head of the $1.5 billion Volunteer Corporate Credit Union maintains.
With its corporate planning a wind down in 2011, Iowa credit unions took the first step last week in confronting the fallout from NCUA's corporate restructuring by signing a preliminary
The urge to serve the industry during what one CEO called "a very exciting and anxious period" coupled with heightened interest in dealing with the corporate dilemma are apparently
Iowa credit unions cautiously congratulated themselves Thursday for handling the corporate dilemma by linking up with the National Cooperative Bank.
One of the nation's smallest corporates, the $100 million Iowa Corporate Central CU of Des Moines, is about to end its operations possibly by yearend with correspondent services shifted to the National Cooperative Bank of Washington.
The makeup of next year's CUNA board was taking shape Tuesday with one contingent of contenders already elected but at least three director seats remained in doubt amidst contested elections.
TMG, a card processing CUSO affiliated with the Iowa Credit Union League, announced that it is making anti-skimming technology available to its member CUs that seek additional protection for their ATMs.
Citing changes in some long established economic patterns and the strengths of credit union cooperation, TMG Financial Services launched a finance CUSO that will help other CUSOs fund their operations, particularly their lending.