Credit Union Management

Two billion-dollar credit unions are currently seeking to convert to a bank charter. Another, with a not-insignificant $193 million in assets, is also seeking a conversion. These credit unions, if successful, will necessarily leave the credit union trade associations and the NCUSIF.

This weeks disclosure that Apple FCU has resigned from the Virginia Credit Union League and CUNA comes amidst discussion of a major restructuring move by the state trade group including relocating its headquarters.

The Federal Housing Finance Agency has delivered a strategic plan for Fannie Mae and Freddie Mac.

The Massachusetts Division of Banks provided new legal detail Thursday on the notice by HarborOne CU on its plans to convert to a mutual savings bank this fall.

The Massachusetts Division of Banks provided new legal detail Thursday on the notice by HarborOne CU on its plans to convert to a mutual savings bank this fall.

Dowagiac Area FCU recently joined the eDOC CUSO, becoming the 13th credit union owner in the CUSO.