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By Robert McGarvey |
October 27, 2011
VACORP vote expected in November for merger to be finalized next March.
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By Robert McGarvey |
April 13, 2011
Asthe October deadline for hitting key minimum financial ratios draws nearer, more spreadsheets are floating around the credit union industry.
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By Robert McGarvey |
March 30, 2011
For those who thought there might be wiggle room in the NCUA’s willingness to tolerate a merger of Tier 1 corporates, unambiguous words came from Scott Hunt, director of the NCUA office of corporate credit unions, at a panel discussion about the future of corporates at the New Jersey Credit...
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By Michelle A. Samaad |
March 23, 2011
The member looking for a $30,000 line of credit or financing for a delivery truck–that’s the kind of small business owner Cross Valley FCU is actively courting.
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By Claude R. Marx |
February 2, 2011
Regulatory overreach, an unnecessary limit on credit unions' choices and possibly illegal. Those are among the critiques of the NCUA's proposed rule on corporate credit unions.
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By Robert McGarvey |
December 23, 2010
A merger with VACORP was not his first choice, said Mid-Atlantic Corporate FCU President/CEO Jay Murray in offering perspective on the announcement earlier this week that the two corporate credit unions planned to merge.
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By Robert McGarvey |
December 21, 2010
Mid-Atlantic Corporate Federal Credit Union and VACORP Federal Credit Union today announced their intention to pursue a merger, according to a joint announcement.
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By Michelle A. Samaad |
December 1, 2010
Credit unions may soon have another alternative for their payment system processing through a new CUSO scheduled for launch by the corporate credit union network.
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By Jim Rubenstein |
November 18, 2010
The $3 billion Mid-Atlantic Corporate Federal Credit Union, long ranked among the healthiest, made clear this week it remains on its own in serving its credit union base and is apparently not joining any CUSO consortium.
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October 13, 2010
ATLANTIC CITY, N.J. -- While it's still in the works, the plan for potentially recapitalizing corporate credit unions will likely have a built-in fail-safe for credit unions wary of recapitalization.
