The 177,000-member, $1.4 billion GTE Federal Credit Union faces a $51,000 fee from Fannie Mae because it only used foreclosure attorneys the government-backed mortgage giant approved and ordered it to use.
Fannie Mae imposes $51,000 fee for delays CU says it caused. Find out more in this article from the Feb. 8 print edition of Credit Union Times.
The three-way league merger of Arizona, Colorado and Wyoming into the new Mountain West Credit Union Association was made official Friday.
The trend toward trade group consolidation picked up more steam last week with plans by the Arizona Credit Union League and Credit Union Associations of Colorado and Wyoming to merge.
The Credit Union Association of Colorado said Thursday it has named O'Rourke & Associates, the executive recruiting firm, to conduct the search for a new president/CEO succeeding John Dill, who resigned in May.
In a surprise move, John Dill, president/CEO of the Credit Union Association of Colorado since 2004, has resigned,
The Credit Union Association of Colorado is looking for a new president/CEO following the sudden resignation of John Dill, head of the trade group since 2004.
The $90 million Colorado Credit Union of Littleton expects to complete the merger and computer conversion of the nearby $12 million Brighton FCU this weekend.