Lawyer trust account parity bill would enable credit unions to compete, expand services.
From being able to compete with banks to assuring business members that their funds are insured, there could be several long-term benefits for credit unions if a bill involving insurance coverage becomes law.
Measure to be addressed Thursday would create parity with banks in handling lawyer trust accounts.
The Hampton Roads, Va.-based law firm Kaufman & Canoles announced partners Andrew Keeney and Dustin DeVore have been selected to co-chair the firm’s new credit union team. The firm said in a release the team was formed to respond to a growing credit union industry, where regulations are constantly changing...
Firm launches credit union team to help CUs with regulatory burdens.
Training process includes participation in online courses, guest speaker events, webinars and meeting agendas that center on strategic planning for the credit union’s future.
Experian reports that businesses with one to four employees had the greatest shift in percentage of dollars considered severely delinquent.