What's the NCUA really got to applaud about in GAO rebuke? And that's just the beginning of it.
New CEO had been executive vice president at $909 million Kentucky credit union.
Switch from federal to state charter first of its kind in 30 years, follows rejection by NCUA.
Program initiated after collapse of Eastern Financial CU and its 2009 merger into Space Coast CU.
Credit unions in Tennessee, Ohio, Oregon and Indiana involved.
With just a few weeks left in 2011, it may not be a shocking development that the commercial real estate sector will end the year in a state of stagnation.
About five years ago, Fort Knox Federal Credit Union moved about $180 million into investments paying just over 5%, and locked that money in for five years.
A credit union investment CUSO is positioning its investment options for increased business as it anticipates an early redemption by Western Bridge of more than $4 billion in CDs by Oct. 3.
After posting near-record asset growth in three of the last four years, Fort Knox Federal Credit Union, Radcliff, Ky., is now the largest Kentucky-based CU with more than $1 billion in assets, the credit union announced last week.
CUSO makes bid for some of the funds it says will be made available as Western Bridge redeems $4 billion in CDs.