At Visions Federal Credit Union, the face of wealth has taken on different and nontraditional features.
In what has become a rare occurrence, a federal credit union in Maryland has taken the what many see as the first step in the process to change to a mutual bank charter.
That's according to people who make their living helping credit unions and other financial institutions accommodate new technologies and the compliance challenges that come along with them, as well as shape the rules themselves.
The mortgage-backed securities from the conserved corporate credit unions that the NCUA is selling have 0% risk and are backed by the full faith and credit of the government, the Federal Reserve and three other regulators concluded.
Legacy asset-backed NCUA Guaranteed Notes will carry a 0% risk weight.
Andrews Federal Credit Union, Suitland, Md., announced Jim Hayes as its new executive vice president/chief financial officer.
An article in the Hartford Business Journal speculates that the mutual holding company structure, long a popular option for credit unions converting from credit union to bank charters, may be on its way out.
The taxation issue brought up in a report by a quasi-administration panel is as much rite of passage into budget season as a learner's permit is to a nearly 16-year-old.
A credit union which applied for a federal mutual bank charter and then withdrew its application saw its net worth ratio fall to 1.21% in June.
Comptroller of the Currency John Dugan announced today he will leave office when his term expires on Aug. 14.