Credit unions as far south as Pensacola, Fla., are closed as rain changes to ice and snow across several Gulf states.
For the fourth time this month, severe weather has forced credit unions to send employees home and close up shop.
During the first half of 2013, the NCUA approved 132 credit union mergers, up from 114 mergers approved as of June 30 last year, according to the NCUA’s Insurance Report of Activity.
For credit union members, who tend to err on the side of conservative, the Dow’s increase might have aligned with their savings habits.
Legislation increases borrowing authority by one third, draws Republican ire and promises to take NFIP private.
While it might have been a surprise to most in the member business lending world when word came that the seven-year-old Northeast CUSO would be shutting down, the timing actually could not have come at a better time.
Two New Hampshire credit unions, Northeast Credit Union and Woodlands Credit Union announced last week that the merger between the two credit unions has received all necessary member and regulatory approval. Woodlands Credit Union members approved the merger via mail-in balloting as well as in-person voting during a special meeting...
Two New Hampshire credit unions, the $720 million Northeast Credit Union of Portsmouth and the $112 million Woodlands CU of Berlin, announced last week they intend to merge by year end.
Combined entity would have about $822 million in assets, more than 84,000 members and 15 branches.
With the addition of four new partners, business lending CUSO Northeast CUSO said it boosted its revenue by 19% and doubled its net earnings last year.