More than 350 representatives from Kansas credit unions gathered for the 77th annual convention of the Kansas Credit Union Association.
Many worried credit union eyes now are on July 1, the date when the NCUA has said it will bump up ACH fees for U.S. Central Bridge customers by 80%. That looming price hike has triggered a quick rush to the exits as corporates and their members race for alternatives.
Beyond nostalgia, the chairman of Treasure State Corporate said he has no real regrets about the demise of the Montana corporate.
The Aug. 31 deadline for capitalizing – a date self-imposed by multiple corporate credit unions – is here. Who’s left standing? Who is folding?
A group of up to 16 corporate credit union members of U.S. Central Bridge have joined together to attempt to purchase CU Investment Solutions Inc.
LendingTools.com CEO Eric Goering positioned yesterday's announcement that the Wichita, Kansas-based developer of correspondent tools had won its first credit union deal with Kansas Corporate Credit Union as a victory 10 years in the making.
The NCUA announced today it has served 18 former U.S. Central FCU directors and officers with demand letters, alleging their breach of fiduciary duty contributed to the failed corporate's losses.
Despite recommendations by CUNA and others that call for significant corporate consolidation, three executives of small corporates said they are not in merger discussions and are unlikely to merge.
Larry Eisenhauer, president/CEO of the $340 million Kansas Corporate CU, said his members want the corporate to "remain a separate entity."
Corporate America Credit Union's case against U.S. Central Federal Credit Union's former directors and executives is going to court. U.S. District Court Judge Inge P. Johnson filed the order March 25, setting a Dec. 6 trial date in Birmingham, Ala.