The nation's two nationwide shared branching networks took large strides into member service and mobile banking with two announcements at CUNA's Governmental Affairs Conference last week.
ALEXANDRIA, Va.--Board members of FCUs will only get limited exemption from being sued for some of their actions and will have to gain proficiency reading balance sheets if they don't already have it, according to regulations approved by the NCUA today.
UsNet, the Universal Sharing Network, the shared branching network affiliated with the New York Credit Union League has picked up another credit union, both as a shared branching issuer and acquirer.
The $635 million Charter Oak Federal Credit Union has sold the assets of an insurance firm operating through its CUSO.
Thanks to a good relationship with its sponsor group and a stroke of luck, the $330 million Vons Employees FCU opened a full service,
Proposed new regulations on mergers and mutual bank conversions encroach on state autonomy,
Though there aren't any conversion applications pending, past problems during certain merger past efforts triggered the draft rules that the NCUA issued on the subject last month.
The NCUA Board unanimously sent out proposed regulations for a 60-day comment period at today's meeting.
Members of credit unions that participate in a shared branching network now have access to more than 4,000 shared branches around the nation and more than 2,000 shared branching kiosk locations.