Every day, six days a week, a credit union closes and never re-opens. That has been going on for many years. More than 3% of credit unions have annually closed for the past decade. By 2025, the United States will have around 4,500 credit unions.
Trade group says agency already addressing key findings in its survey of 1,500 respondents about examination process.
Do the math. Look to your right. Look to your left. One in three credit unions will vanish by 2025. Find out more in this week's preview from next week's print edition.
Parsippany, N.J., credit union takes in $2 million neighbor from Denville.
The NCUF announced the election at its meeting this week in Anaheim, Calif., along with other board changes.
Task force in two-day Dallas confab to plan spring vote that would form Cornerstone Credit Union League.
Combined credit union will have about $275 million in assets and more than 21,000 members.
Another year, another meeting. A reality of the credit union industry is that it is chockablock with conferences, conventions, and more, from CUNA’s sprawling annual Washington Governmental Affairs Conference in late February through the California-Nevada Leagues’shindig on the West Coast toward year end.
Griffiths to fill in at NJCUL while permanent successor is sought for Paul Gentile, new EVP at CUNA.
CUAid has raised and distributed more than $260,000 but foundation says the need continues.