To hear the lament of the Missouri Credit Union Association, it was a "bolt out of the blue" when the state highway agency last week notified 10 small credit unions that they must vacate their offices by Sept. 30.
NCUA Chairman Debbie Matz said today the agency hopes to announce a plan for corporate legacy assets by the end of June, before final corporate regulations are released.
Negotiations to forestall the shuttering of 10 credit union offices in facilities of the Missouri Highways and Transportation Department continued Friday amidst a renewed industry push to get backing from lawmakers and Gov. Jay Nixon.
In a move apparently traced to the state's budget shortfall, the Missouri Highways and Transportation Commission voted this week to sever ties and fire employees at 10 small credit unions located in district offices across the state.
Credit unions will have six additional weeks to submit comment letters on the NCUA's proposed rule to revamp the application process for community charters.
The Wisconsin Credit Union House, patterned after its Washington counterpart, will get its first major political tryout in two weeks.
In separate parts of the country, brigades of credit union volunteers are joining the Homes for Our Troops cause in bigger numbers this month spearheading a registration drive to sign up carpenters, contractors and roofers in Columbia, Mo.