Texas-based corporate posts $14 million in profits, coverage ratio of 88%.
With 86% of execs using smart phones, mobile app became a necessity.
The $3 billion Catalyst Corporate FCU announced Oct. 29 the completion of its purchase and assumption of the Phoenix-based First Corporate Credit Union, a so-called pass-through corporate that struggled to gain enough scale to replace services provided by U.S. Central FCU.
Forty two of the 48 former FirstCorp members elected to stick with Catalyst, a number the Plano, Texas-based corporate said exceeded the expectations.
The Plano, Texas-based corporate said report will help members monitor its performance and practices on a regular basis using charts and graphs.
Change is inevitable at the NCUA following the announcements by Board Member Gigi Hyland and Executive Director David Marquis that they’re leaving the agency.
Whoever replaces departing board member Gigi Hyland will have some big shoes to fill when it comes to her credit union experience, industry leaders say.
Appointment adds to former Western Bridge representation at newly consolidated corporate.
Corporate offers another NCUF investment.
Executives from Washington state, Hawaii credit unions named directors by corporate.