WASHINGTON—More credit unions are considering converting to a mutual bank as the result of the increased threat to the movement’s tax status, according to Luse Gorman.
THE feature
LAKELAND, Fla.—The $8.1-billion MIDFLORIDA Credit Union here has agreed to buy $924-million Prime Meridian Bank, based in Tallahassee, Fla.
WASHINGTON—America’s Credit Unions and the Defense Credit Union Council each held meetings Monday that addressed the state of the credit union system following the shake-up at NCUA. The two meetings, both held at 1 p.m. ET, approached the topic in very different ways.
ALEXANDRIA, Va.—NCUA Friday stated it can perform its ongoing duties with a single board member.
BIRMINGHAM, Ala.—NCUA Chairman Kyle Hauptman has the authority to act on behalf of the NCUA board as its single member, based upon precedent established over 20 years ago, says former NCUA Chairman Dennis Dollar, who served for almost two months as the sole NCUA board member during his tenure as chairman in early 2002.
WASHINGTON—Only the President can remove a sitting member of a federal agency board, and that happened Wednesday.
WASHINGTON—Credit unions face a new cyber-threat that’s helping crooks avoid detection as they infiltrate an organization’s network.
WASHINGTON—Seeing credit unions through this year’s tough tax fight is one of Jim Nussle’s top priorities, America’s Credit Unions president and CEO says.
TUSTIN, Calif.—Bill Cheney understands how difficult Jim Nussle’s decision was to step down as president and CEO of America’s Credit Unions, having faced a similar crossroads himself 11 years ago.
ALEXANDRIA, Va.—The Department of Government Efficiency (DOGE) entered NCUA headquarters Thursday, CUToday.info has learned.