News

Upon hearing of Treasury's consideration of repealing the credit union tax-exemption, NAFCU issued a stern letter against the idea that would change the very nature of credit unions.

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.