The interchange fallout and the prospect of Connecticut credit unions cutting back staff if the Dodd-Frank delay bill fails to pass turned out to be topic No. 1 at the newly streamlined annual convention of the Credit Union League of Connecticut on Tuesday.
With the fate of Constitution Corporate CU now sealed, NCUA made good this week on its pledge to hold a town hall meeting for CEOs of Connecticut CUs in a Q&A session conducted by the state's top regulator, Howard Pitkin.
The head of the Credit Union League of Connecticut Monday called "good news" that term deposits held in the pending liquidation of Constitution Corporate Federal Credit Union will be held secure at fixed rate and maturity.
The corporate focus and how the industry deals with service options as a result of the NCUA's restructuring turned mostly to Connecticut last week, with continued interest in the
Kerry Parker, president/CEO of A+ Federal Credit Union in Austin, Texas, is one of many credit union executives helping newly conserved corporates plan for the future of corporate services.
The concept of a "task force" may be in vogue for a number of credit union leagues dealing with the altered corporate landscape but in Connecticut, they are going for a "Review" panel.
Like others elsewhere where the corporate situation hits hardest, Connecticut credit unions are being wooed for their business by would-be providers "like birds swooping out of the sky."
The three corporate credit unions placed into conservatorship Sept. 24 bring the total of seized corporates to five. Operations will continue at all five corporates.
A national program aimed at educating consumers and tellers about high-tech fake check scams has gotten under way with a rollout in Connecticut.
Credit Union League of Connecticut President/CEO Tony Emerson didn't have much to say about NCUA's decision to not grant Constitution Corporate FCU a bridge charter.