Despite backing by Missouri lawmakers, those 10 small highway credit unions remain under orders to close their offices in two years and have their 27 employees cut from the payroll Sept. 30, state officials reported today.
In the latest industry show of support for Iraq-Afghanistan veterans, an estimated 450 Missouri credit union managers, volunteers and employees turned out recently for a build-a-home project on behalf of a badly injured U.S. soldier.
Dozens of volunteers and staffers from Missouri credit unions convened in Columbia over the weekend to build a home for injured war vet Robert Canine as part of the "Homes for Our Troops" campaign.
CommunityAmerica Credit Union announced that after 42 years in the credit union industry, Chief Administrative Officer Pat Yokley is retiring.
Minnesota Credit Union Network, Washington, announced that Mark D. Cummins, president/CEO
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.