Lawyer trust account parity bill would enable credit unions to compete, expand services.
From being able to compete with banks to assuring business members that their funds are insured, there could be several long-term benefits for credit unions if a bill involving insurance coverage becomes law.
Fed, FDIC, Comptroller say comments, concerns influenced decision. No new date announced.
A year after financial troubles led to its conservatorship, Texans Credit Union's fiscal health appears to be improving.
Crippled by mounting commercial loan losses, the $1.6 billion Texans Credit Union was placed in conservatorship on April 15 by the NCUA.