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Sunshine State CU's Second Attempt and Marcy FCU's Filing Makes for Trio of Pending Conversions

ARLINGTON, Va. - Now there are three credit unions actively seeking to change their charters to those of mutual banks. The $24 million Marcy Federal Credit Union based in New York is the latest to file with the Office of Thrift Supervision late in June. According to NCUA, Marcy FCU...

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ARLINGTON, Va. – Now there are three credit unions actively seeking to change their charters to those of mutual banks. The $24 million Marcy Federal Credit Union based in New York is the latest to file with the Office of Thrift Supervision late in June. According to NCUA, Marcy FCU has an asset ratio of 17.03%, significantly higher than its peer group and posted return on average assets significantly lower than its peers. Walter Kapinos, Marcy’s CEO, declined to comment in detail on the application, saying

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