The $85 million Point West Credit Union of Portland, Ore., is more than willing to broadcast and celebrate its tale of coming back from the brink of a 2008 financial collapse.
This early look from next week's print edition explores how two CEOs have resulted in one success story at a once-troubled Oregon credit union.
The merger game – its timing, procedures and practices – is coming in for new scrutiny and debate this month among a coterie of analysts and top credit union CEOs.
The proposed conversion of the $1.8 billion HarborOne Credit Union to a mutual bank triggered fresh industry debate last week about the impact and efficacy of conversions as the Brockton, Mass., CU formally tendered its resignation from CUNA and the Massachusetts Credit Union League.
Is conversion bid a sign of things to come? That's one point raised in this look at an article from next week's print edition.
Industry participants aren’t sure whether HarborOne Credit Union’s possible conversion signals a growing trend or is just an aberration.
Notwithstanding poor performance on membership and loans, the industry’s overall health improved markedly in the first quarter, according to the HealthScore survey compiled by Glatt Consulting LLC.
Glatt Consulting says membership growth has not jumped, despite favorable publicity vis a vis banks.