The $40.3 million County & Municipal Employees Credit Union in Edinburg, Texas, was liquidated by the Texas Credit Union Department Oct. 10.
Net worth at the credit union drops from 11% in Sept. 2013 to 0.85% one year later.
Despite daily announcements of credit unions converting to new core processors, some say long-term core relationships are best.
The 119,000-member, $1.8 billion Navy Army Community Credit Union has a problem: its members love the credit union too much. Or at least they love its branches.
Navy Army Community CU in Texas using imaging in a dozen credit unions at branches to help control teller lines.