Illinois-based Alloya Corporate FCU announced Wednesday that its merger with Michigan's Central Corporate Credit Union is now complete.
National Cooperative Bank executive calls banks' BSA reasons for dumping credit unions "an excuse."
Kansas City judge says he'll wait for appeals court decision on bid to dismiss claims over failed securities.
Kansas City investment CUSO sends out letter saying CEO Brian Hague, EVP Doug Richardson, have left.
As many as 30 credit unions in West Virginia and Ohio have been scrambling to establish new correspondent vendors after a regional and national bank terminated their accounts over the past few weeks.
Dennis DeGroodt stepping down after 16 years at helm. Kitty Gray moving up after 14 years as chief financial officer at corporate.
Reports of banks closing credit union correspondent relationships have extended to New York and New Jersey.
Louisiana Corporate Credit Union has emerged victorious from a decade-long suit involving the liquidation of National Century Financial Enterprises. The corporate, in an announcement last week, said it has agreed to a $600,000 settlement with Credit Suisse, the last remaining defendant in the securities fraud case.
Huntington, JPMorgan Chase closed accounts at up to 30 West Virginia, Ohio credit unions, their corporates say.
Texas-based corporate posts $14 million in profits, coverage ratio of 88%.