Pennsylvania-based corporate reports 124% year-over-year net income increase boosted by VACORP merger.
Eyeing retirement, Virginia Williams at Jersey Shore FCU makes way for Alison DeTuncq of University of Virginia Community CU.
Combined corporate claims more than 800 member credit unions and $163 million in capital.
And then there were 16. That is the current count of corporate credit unions, after a year where all the institutions faced an Oct. 20 NCUA deadline to qualify as “adequately capitalized” per the regulator’s calculus.
There may be only four or five corporate credit unions within 10 years. There isn’t that much business out there. "The small won’t survive,” predicted John Fiore, CEO of Motorola Employees Credit Union and a key figure in the recapitalizing of Members United as Alloya. “Within a couple years we...
Reflections on the Mid-Atlantic - VACORP merger.
Mid-Atlantic Corporate Federal Credit Union and VACORP Federal Credit Union announced Monday that their memberships have approved the merger between the two organizations.
Mid-Atlantic Corporate Federal Credit Union and VACORP Federal Credit Union have announced that the NCUA unanimously approved their merger plan at the closed NCUA Board meeting in late October.
VACORP vote expected in November for merger to be finalized next March.
Asthe October deadline for hitting key minimum financial ratios draws nearer, more spreadsheets are floating around the credit union industry.