Experts discuss lessons from MCU’s issues. MCU President/CEO Kam Wong discusses what his credit union has learned not to do next time.
The post Hurricane Sandy lessons learned keep coming in as it becomes plain that some credit unions had woefully inadequate disaster recovery and business continuity plans, but other institutions kept operating despite the devastation that hit much of New Jersey and New York City.
One loud take-away from Sandy: Every credit union needs a disaster recovery plan. Check out this preview from next week's print edition.
SNL Financial tracking firm says total loans were $27.48 billion then, $41.64 billion in second quarter 2012.
Matt Davidson, executive vice president of Kern Schools FCU, to step into new role.
While working at a 24-hour news radio station in Washington State, Jill Chase decided to take on a new challenge: Start up a new marketing department at a small credit union.
New York State Acting Supreme Court Justice Arthur Engoron issued a temporary injunction against Mayor Michael Bloomberg’s 2011 plan to create a new class of up to 18,000 liveries authorized to pick up street hails in Brooklyn, Queens, the Bronx, Staten Island and much of Manhattan.
Melrose Credit Union claims the top spot in SNL Financial's 2012 ranking of the 50 best-performing credit unions with more than $500 million in assets.
Credit unions opposed to a plan from the mayor of New York’s office to create up to 18,000 livery cabs recently received good news.
With claims that a plan from the mayor of New York’s office to create up to 18,000 livery cabs would create unfair competition with the city’s yellow cabs, an association of credit union lenders has filed a lawsuit to halt the effort.