It is not easy to form a new credit union but a group of Mainers believe they have the recipe to potentially charter the first new one in the state in a quarter century.
The cooperative would serve Maine's small farmers, who are increasing in numbers.
The ailing $6 million Mission SF Federal Credit Union of San Francisco was seized over the weekend by NCUA and awarded to Self-Help FCU of Durham, N.C.
The $190 million Self-Help Federal Credit Union of Oakland, Calif., has extended its aid to struggling, low income CUs by completing its fifth Bay Area merger in just under two years.
Marking its fifth California merger in just under two years, the $190 million Self-Help Federal Credit Union of Oakland, Calif. announced it is completing a consolidation of the ailing $23 million United Savings FCU of Antioch.
The National Federation of Community Development Credit Unions will make an additional $1 million available to help community development credit unions attain enough capital to access other funds.
The $73 million Self Help Federal Credit Union, the California-based credit union that is an affiliate of the $350 million Self Help Credit Union in North Carolina has gotten a bit bigger.