Calling its move discouraging but necessary, the $1.4 billion University of Iowa Community Credit Union has undergone a pullback from its campus operations by closing two branches, ATMs and student ID services in a give-up to a local bank.
Now in its sixth month, the CAMEL rating stalemate in North Carolina between the NCUA and the North Carolina Credit Union Division morphed into new territory last week with Jim Blaine, the president/CEO of State Employees Credit Union, again attacking the NCUAs credibility.
The 144,000-member, $1.6 billion Apple Federal Credit Union, Fairfax, Va., has become the first large credit union to leave CUNA this year. Three other large CUs, two from New Mexico and one from Texas, left the trade group last year.
The issue of lawyers filing a growing number of lawsuits over ATMs missing disclosure signs has moved from being a mere nuisance to credit unions to meetings with federal lawmakers and President Obamas administration seeking relief.
Nearly seven years ago, changes to Coastal Federal Credit Unions investment program were put in place to help build a stronger presence with members, many of whom had long-time ties to IBM, the cooperatives original sponsor.
While Hartford Federal Credit Unions 14,000 members are a diverse group when it comes to age, most of the initial interest in mobile banking came from the younger set.
