The $40.3 million County & Municipal Employees Credit Union in Edinburg, Texas, was liquidated by the Texas Credit Union Department Oct. 10.
Net worth at the credit union drops from 11% in Sept. 2013 to 0.85% one year later.
Consolidation to create $815 million North Texas institution with 65,000 members and 13 branches.
Lone Star consolidation would create $816 million institution in growing market.
The reaction among the roomful of credit union board members was shock and awe. Explanations for board pay vary as do questions raised.
Part one of this analysis of credit union board compensation by Credit Union Times. From our July 3 print edition.
StarTrust FCU will merge into InvesTex CU on June 30, Houston credit unions say.
Former longtime NCUA examiner had been interim CEO at Alabama corporate.
El Paso Corporation FCU plans merger into First Service Credit Union after sponsor company acquired.
Jafari No-Interest Credit Union would serve Muslim communities in Dallas, Houston and Austin.