Breaking NewsCUTimes.com will be offline for scheduled maintenance Friday Feb. 26 9 PM US EST to Saturday Feb. 27 6 AM EST. We apologize for the inconvenience.

Search
 

Former Conversion Candidate Lafayette Struggles; Conversion Lawsuit Still in Play

In the wake of its 2006 attempt to convert to a mutual bank, Lafayette Federal Credit Union has been struggling and steadily shrinking, even as the CUs leadership has pressed its legal case against its former CEO over the failed attempt.

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

KENSINGTON, Md. — In the wake of its 2006 attempt to convert to a mutual bank, Lafayette Federal Credit Union has been struggling and steadily shrinking, even as the CUs leadership has pressed its legal case against its former CEO over the failed attempt.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.