Designation allows Miami credit union to apply for Treasury grants.
Earlier this month, the members of Mercy Credit Union of Miami voted overwhelmingly in favor of merging into JetStream Federal Credit Union. The merger creates a credit union with more than $150 million in assets, eight branch locations, and over 19,000 members throughout Miami Dade County and Puerto Rico.
More than 2,000 Miami-Dade middle and high school students attended a two-day aviation educational fair sponsored by JetStream FCU.
While industry representatives said new legislation on financial institution exams is sorely needed, an NCUA executive more than begged to differ.
The NCUA’s decisions aren’t reviewed by third parties and credit unions don’t receive consistent messages, trades testify to Congress.
Wednesday House hearing will focus on bill that would give financial institutions ability to appeal results of examinations to an independent ombudsman.
NAFCU, CUNA sending credit union executives to testify on the Hill for measure that would allow financial institutions to contest examinations.