News

Credit unions hit by the Norlarco failure are learning some harsh lessons about staying local and chasing yield, the chairman of the Colorado Credit Union Association William Sterner, warned Tuesday.

Shem Culpepper, the CEO of the $113 million First Basin Credit Union which has filed to convert its charter to that of a mutual bank, worked for the NCUA as an examiner from September of 1987 to August of 1995, the agency has confirmed.

The $ 1.9 billion Texans Credit Union apparently had discussions on converting to a mutual savings bank or some other form of banking institution in 2005, according to a petition filed by three former executives at Texans Commercial Capital, LLC, the credit union's CUSO.

CUES is giving credit unions the chance to win a free CUES eVote election.

One more credit union will be merged out of existence this weekend with the combination of Dallas credit unions City Credit Union and Dallas Area Rapid Transit (DART) Federal Credit Union.

In conjunction with Dunebrook's fifth annual graduation ceremony, Members Advantage Credit Union recently hosted its first IdentiChild community event.