Another New Jersey CU advances in SBA lending.
The Maryland and D.C. Credit Union Association has hired an Illinois credit union executive to take over as CEO in October.
Disaster relief effort follows similar calls for help after flooding, tornadoes earlier this year.
For months it has been the sand states getting all the merger attention. But last week’s consolidation move by the $2.6 billion Visions FCU, Endicott, N.Y., to take over the long-ailing $330 million Paragon FCU in New Jersey shifted the merger focus to the Mid-Atlantic.
At the end it was touch-and-go, but at last New Jersey Gov. Chris Christie has signed the municipal deposit bill empowering credit unions to start accepting government funds.
McGraw-Hill FCU CEO says his CU also can use the management, talent and influence of its merger partner.
The Maryland and DC Credit Union Association has hired John Bratsakis, senior vice president at $1.5 billion Baxter CU in Vernon Hills, Ill. as its new president and CEO.
Last week, the NCUA added to its list of targets by suing Goldman Sachs for $491 million for losses corporates endured due to mortgage-backed securities. This is the fourth suit filed by the NCUA against securities firms, seeking a total of $2 billion in damages.
Credit unions win right to accept New Jersey public funds after governor, legislators turn back bank appeals.
Ohio-based corporate offers CIF program support with no obligation to join.