If approved by regulators, the merger would take effect on September 1.
The global credit union community is now 57,000 credit unions strong, serving 208 million members. The World Council of Credit Unions has released a new statistical report.
Oregon Community Credit Union and Bi-Mart Federal Credit Union announced plans to merge this week, as did Central Washington University Federal Credit Union and WSECU. Both mergers are scheduled to take effect this summer.
FinCEN’s guidance for credit unions that want to serve marijuana-related businesses certainly provides clarity, attorney Hal Scoggins writes, but it brings minimal regulatory relief.
Two membership votes affirming the decisions of the Boards of two Washington credit unions will increase by two the number of $1 billion-plus credit unions based in the state.
In the first year since being formed through the consolidation of Georgia Corporate and Southwest Bridge, Catalyst Corporate has grown to more than 1,230 credit union members and more than $150 million in capital.
Miriam De Dios has been named CEO of Coopera, a strategic partner of the Credit Union National Association (CUNA) that helps credit unions grow their membership and assets by serving the Hispanic market.