"We compensate board members more out of a sense of fairness than anything else,” explained Lin Hodges, president/CEO of Associated Credit Union of Norcross, Ga.
Part two of this analysis of credit union board compensation by Credit Union Times. From our July 10 print edition.
The reaction among the roomful of credit union board members was shock and awe. Explanations for board pay vary as do questions raised.
Part one of this analysis of credit union board compensation by Credit Union Times. From our July 3 print edition.
Texas-based corporate posts $14 million in profits, coverage ratio of 88%.
Atlanta's Associated CU, New Hampshire's Service CU join list of credit unions offering assistance to affected federal employees.
In an attempt to achieve economies of scale, the $2.2 billion Catalyst Corporate FCU and the $1.1 billion First Corporate CU announced on May 9 that the two have signed a nonbinding letter of intent to consolidate through a purchase and assumption transaction later this year.
Texas-based corporate plans to take over and consolidate Phoenix corporate on July 1.
Corporates veteran had been Catalyst executive vice president; succeeds retiring Dianne Addington.
Georgia Corporate board gives final approval; newly merged corporate opens Sept. 6.