PORTLAND, Ore.—What might be a well-kept industry “secret” today—that large credit unions using not just their size and marketing might to force small CUs to merge but also dangling incentives in front of CEOs at smaller CUs–won’t be a practice under wraps for very long, assert analysts and CU executives who spoke with CUToday.info.
MANHATTAN BEACH, Calif.—What will the CFPB’s proposed rules on small-dollar, short-term loans mean to the only credit union in the country that owns a chain of “lending stores?”
ALPHARETTA, Ga.—One company is questioning whether financial institutions are getting the proper return from shifting to universal associates in the branch.
GLENDALE, Calif.–Is the disappearance of thousands of smaller credit unions being hastened, at least in part, by CEOs at those institutions taking sweetheart financial packages being offered by acquiring credit unions?
WASHINGTON–Hold on just a moment—credit unions may not be as safe from the CFPB’s broad, proposed new rulemaking over short-term, small-dollar loans as had been initially hoped when the proposal was released.
BIRMINGHAM, Ala.—It’s no easy task to forecast what might lie ahead for the make-up of the NCUA board. That’s true even if you formerly were chairman of that board.
ATLANTA—How effective can the “branch of the future” really be if staff are not truly embracing the new concept?
WASHINGTON—How will the incentive-based comp proposal impact the only credit union to fall into one of the rule’s more stringent oversight categories? And what about new compensation rules for management at smaller CUs?
CHICAGO—Increasing pressures on credit union management for their time, much of that resulting from growing regulation, is prompting CUs to change how they invest in building and renovating facilities, one company asserts.
RANCHO DOMINGUEZ, Calif.—While Schools FCU has gone public with its claims that the much-larger SchoolsFirst FCU has engaged in “predatory” business practices, the credit union is also claiming that NCUA is partially responsible for the situation that the small credit union now faces.
