Stuart Perlitsh

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  Mergers Will Continue to Cull Small Credit Unions From Herd

  By Robert McGarvey  |  February 27, 2013

  Every day, six days a week, a credit union closes and never re-opens. That has been going on for many years. More than 3% of credit unions have annually closed for the past decade. By 2025, the United States will have around 4,500 credit unions.

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  Mergers Will Continue to Cull the CU Herd: Print Preview

  By Robert McGarvey  |  February 21, 2013

  Do the math. Look to your right. Look to your left. One in three credit unions will vanish by 2025. Find out more in this week's preview from next week's print edition.

• NCUA’s Buckham Ordered to Depose in Siravo Suit

  By Heather Anderson  |  October 14, 2012

  U.S. Magistrate Judge Margaret A. Nagle has denied the NCUA’s motion to prevent former Director of the Office of Corporate Credit Unions Kent Buckham from giving a deposition to former WesCorp CEO Robert Siravo’s defense attorneys in the ongoing case that was originally filed by seven former WesCorp member credit...

• Judge Rules NCUA's Buckham Must Provide Deposition, But Matz and Hyland Off the Hook in WesCorp Case

  By Heather Anderson  |  October 10, 2012

  NCUA rebuffed in preventing Kent Buckham deposition, convinces judge not to order depositions from Debbie Matz and Gigi Hyland in WesCorp case.

• MBL Hike Dissidents Speak Up

  By Heather Anderson  |  July 30, 2012

  Members of the so-called “silent majority” of credit unions that oppose S. 2231, the bill that would increase the member business lending cap for credit unions, spoke out as banking lobbyists pressed the issue to lawmakers.

• MBL Opponents Within Industry Speak Up: Print Preview

  By Heather Anderson  |  July 26, 2012

  Credit union "silent majority" cited by bank lobby speak up against MBL cap hike. In-depth look in this article from next week's print edition.

• Bankers Cite CU Execs In Anti-MBL Letter

  July 22, 2012

  In a letter to Senate Majority Leader Harry Reid, Republican Leader Mitch McConnell, and copied to all members of the Senate, the American Bankers Association and Independent Community Bankers of America said current member business lending limits “are entirely appropriate given the significant risk and potential losses that would be...

• Banker MBL Opposition Letter Quotes Three CU Executives

  By Heather Anderson  |  July 17, 2012

  Credit union senior managers warn against expanded lending authority, says credit unions and regulators "both unprepared."

• Bank Lobbyists Tell Senators a 'Silent Majority' of CUs Oppose Business Lending Bill

  By Heather Anderson  |  July 17, 2012

  ICBA, ABA letter restates opposition to S. 2231, says "silent majorit"' of credit unions oppose raising MBL cap and again calling it a "power grab."

• WesCorp Members Fish for a New Corporate

  By Heather Anderson  |  May 29, 2012

  Still suffering from the bite of losing all their Western Corporate FCU capital in 2009, credit unions report they are still capital shy when it comes to replacing corporate services.