News

If Space Coast Credit Union and Eastern Financial Florida Credit Union were to merge, there would be approximately $200 million in net worth after writing off all expected losses from Eastern Financial, Space Coast said.

U.S. Central members are meeting in Overland Park, Kansas this morning as part of the struggling institution's Spring Corporate Network meeting.

The April 17 release of the NCUA's PIMCO summary was a disappointment to those hoping for specific information about which corporates were responsible for what percentage of the system's $5.9 billion worth of charges to the share insurance fund.

There was more bad news last week for credit union meetings and travel.

Credit unions wanting to streamline their operations and cut their costs should consider collaborating with other credit unions to meet their shared needs, according to a new report from the Filene Research Institute.

During any conservatorship, including Eastern Financial Florida Credit Union's, NCUA said it considers all options such as a merger or liquidation, ultimately choosing the one that will be the least costly.