Despite a new state law in Colorado legalizing recreational use, credit unions still worry marijuana business accounts will run afoul of federal regulations.
While financial institutions wait for guidance from the DOJ, credit union leagues in Colorado and Washington caution against opening accounts for state-legal weed businesses.
The $39 million Johnson City Federal Credit Union said it has expanded its service area to take in two more East Tennessee counties.
MIDFLORIDA Credit Union completing conversion of six Tampa-area branches from Space Coast Credit Union, plans to merge the $50 million Bay Pines FCU.
The Tampa Bay market in Florida is such prime territory for MIDFLORIDA Credit Union that the cooperative is on a mission to build its presence there.
A merger by another name?
Cincinnati-based Fifth Third Bank continues to gain visibility as an alternative to corporate credit unions, but senior bank executives also made plain that their approach to credit unions fundamentally differs from a corporate’s.
The ailing $140 million Bay Gulf Credit Union, of Tampa announced plans to merge with the $1.1 billion MidFlorida CU of Lakeland.