Brian A. Orenstein, president/CEO of $823 million Charter Oak Federal Credit Union in Waterford, Conn., was elected to the board of directors of the United Way of Southeastern Connecticut. Orenstein is also serving as this year's co-chair of the United Way 2014 campaign appeal. Charter Oak is also this year's...
Two small credit unions announce they're merging into billion-dollar institutions.
When federal and state authorities and some of the nation’s largest banks agreed in early February to a $26 billion deal aimed at providing relief to nearly two million homeowners hit by the real estate collapse, the news grabbed headlines in major papers.
Sound CU CEO, heading for merger completion, sees interchange cap forcing possible changes in checking programs.
Two Seattle area credit unions, the $564 million Watermark CU and the $544 million Sound CU of Tacoma, are planning a summer merger, creating the state’s fourth largest CU.
Following the pattern set this week in Washington State, mid-sized credit unions across the country will be looking to chart more “mergers of equals” to remain competitive with larger brethren.
Marking one of the largest mergers in years in Washington State, two Seattle area CUs, the $564 million Watermark CU and the $544 million Sound CU, are planning to merge in 2011.