News

The fact that both the $99 million Northeast Community Credit Union and the Haverhill Bank have been close and friendly competitors for years apparently played a large role Northeast Board's decision to opt to merge with the bank.

The Massachusetts credit union which seeks to merge with a state chartered mutual bank is consulting with NCUA over whether the agency's charter conversion regulations will necessarily apply to their situation.

The $99 million Northeast Community Credit Union has announced plans to merge with the local Haverhill Bank, which the credit union called the oldest mutual or cooperative bank in the Commonwealth.

The Securities and Exchange Commission yesterday gave final regulatory approval related to the consolidation of the member firm regulatory functions of the National Association of Securities Dealers, Inc. and NYSE Regulation, Inc., a wholly-owned subsidiary of New York Stock Exchange, LLC.

Harry Mateer has been promoted to president/CEO of Altier Credit Union.

There is no quick fix or hard-and-fast rules about how to halt credit unions resigning state leagues in some parts of the country or how to get them back once they've quit, according to the head of an American Association of Credit Union Leagues panel charged with helping find solutions.

Showing gratitude to local law enforcement, the $600 million American Heritage Federal Credit Union has donated $5,000 to the Upper Merion Township Police Department for the purchase of 16 Taser stun guns.

Showing gratitude to local law enforcement, the $600 million American Heritage Federal Credit Union has donated $5,000 to the Upper Merion Township Police Department for the purchase of 16 Taser stun guns.