The Illinois CU League has passed a bylaw that prohibits volunteers outside of the credit union industry from serving on its board.
At first glance, Louisiana Corporate CU’s 2011 financial report shows an institution that increased total capital by $442,565 over the previous year, for a total of $8.9 million. However, the $218 million corporate will have to contend with $2.2 million worth of membership capital shares on notice.
Southeast Corporate Federal Credit Union disclosed its new business and capital plan to its members at press time, shoring up its balance sheet with $80 million in capital.
Shoring up its balance sheet with $80 million in CU capital, Southeast Corporate Federal Credit Union disclosed to members Wednesday afternoon it is now ready to enlarge its industry role.