At the behest of New York Gov. Andrew Cuomo, the state’s top regulator is openly encouraging more federal credit unions to convert to a state charter.
New York Credit Union Association says it does not endorse one charter structure over another.
It’s been four years now since lawyers from CUNA and the American Association of Credit Union Leagues drafted a so-called "Model Credit Union Act" for implementation by the leagues. But the 2011 project is off to a quick start with bills ready for introduction in several state legislatures.
A group of Mid-Atlantic credit union leagues are ramping up the industry search for the ideal "service culture" next year by using the Ritz-Carlton Hotel chain as the model at a special CEO Summit in Florida.