Regulatory overreach, an unnecessary limit on credit unions' choices and possibly illegal. Those are among the critiques of the NCUA's proposed rule on corporate credit unions.
Immediately after Louisiana Corporate Credit Union announced its intention to explore a merger with Corporate America Credit Union, CU Times Correspondent Robert McGarvey got Louisiana Corporate's CEO David Savoie on the phone for a candid conversation.
The boards of directors of Corporate America Credit Union and Louisiana Corporate Credit Union last night announced their intent to pursue a merger, pending completion of due diligence and receipt of regulatory approvals.
Though it has not said it in writing, the NCUA is asking credit unions to make decisions on corporate credit unions by the first part of next year.
CEO Thomas Bonds confirmed to Credit Union Times that his $3.6 billion Corporate America Credit Union has hired NCUA Corporate Field Supervisor
The $3.6 billion Corporate America Credit Union announced Aug. 30 that it has hired Ben F. Hayley as general counsel. He will report to CEO Thomas Bonds.
The $3.6 billion Corporate America Credit Union has hired NCUA Corporate Field Supervisor Dan Buckley to be its vice president of risk management.
Corporate America Credit Union President/CEO Thomas Bonds expects to sell the last of his private-label mortgage-backed
The $3 billion Corporate America Credit Union isn't waiting for the NCUA to seize its legacy assets: it's selling them.
U.S. District Judge Inge Johnson advanced U.S. Central Federal Credit Union's fraud securities suit into discovery phase on March 2 when she denied the so-called "director defendants" motion to dismiss.