News

The federal agency also lifts a 2019 enforcement action against Phi Beta Sigma FCU.

The acquisition would expand the Yuma-based credit union’s assets to $574 million and footprint into Kingman and Bullhead City.

For the first quarter, credit unions originate commercial loans backed by real estate at a faster rate than other lenders.

It will be the first time the judge will hear oral arguments from attorneys.

Dave Adams, retired CEO of MCUL & Affiliates and CUSG, will serve as CEO of CUSO Edge.

Ongoing strategic restructuring follows multimillion-dollar losses, slower loan growth, higher funding costs, rising loan delinquencies and declining membership.