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ALEXANDRIA, Va.–CUToday.info’s latest review of disclosure documents filed by credit unions seeking to merge finds many of the standard reasons cited for seeking to combine (lack of resources, management retirements), but also cases where documents required by NCUA are missing, a wide disparity in plans for distributing capital (one CU said it couldn’t pay out net worth due to payments to three employees), and one case where there was just a blank space left behind the words “reasons merger is in best interests of members.”

ALEXANDRIA, Va.–None of the seven credit unions featured in Part II of this three-part series by CUToday.info reviewing the latest merger announcements are planning to distribute any capital, including one with net worth of more than 25%.

GLASGOW, Scotland–A credit union regulator and a government official here shared their insights with credit unions on what they see ahead for regulations, fintech competition and partnerships, how CUs should proceed and more.

RADCLIFF, Ky.–Abound Credit Union was recognized as the statewide leader in youth financial literacy and social responsibility this week by the Kentucky Credit Union League.