Besides not renewing the contract of its interim president, Sperry Associates Federal Credit Union said it has made several more moves to get the cooperative back on track.
Senior management is the among the first casualties at Sperry Associates Federal Credit Union as the cooperative attempts to correct a number of troubled capital, operational and lending issues recently ordered by the NCUA.
The $345 million Sperry Associates Federal Credit Union announced today that Dan Capece, its interim president, and Sandy Albert, human resources consultant, will no longer work at the credit union.
Three months after Sperry Associates Federal Credit Union signed a letter of understanding and agreement with the NCUA to repair troubles within its loan program,
The website and phone number for CU Business Capital LLC, which was owned by Eastern Financial Florida Credit Union, are both inoperable in light of a loan participation lawsuit.
If everything goes according to plan, the East River Development Alliance, a community development organization headquartered in Long Island City, N.Y., will open the first minority-owned credit union in the New York City borough of Queens this April.
If everything goes according to their plans, organizers of the ERDA Federal Credit Union will open the doors April 26 on the first credit union chartered under the Obama administration.