NCUA Financial Reports Shed Light on Gabriels Community Merger
When Gabriels Community Credit Union announced it was merging with Michigan State Federal Credit Union without a vote from the credit union’s members, a number of questions were raised. Now, financial reports from the NCUA are shedding mote light on the credit union’s financial status and what might have led to the merger. Emily Claus reports.
NCUA and Mergers: Keeping Members Out of the Room Where It Happens
In the past month, the NCUA has approved of two mergers, both without a vote from the members of the merging credit union. While permissible under NCUA rules, the silence of those involved and the unwillingness to share information has Emily Claus asking why owners are being kept out of the room where it happens.
Nussle Report Provides New Details on America’s Credit Unions
Following the formation of America’s Credit Unions, President and CEO of the organization, Jim Nussle, has spoken up about the group’s plans and goals moving forward, as well as how they are already advocating for credit unions within the industry. Emily Claus reports.
America’s Credit Unions Officially Launches
New industry advocacy group, American’s Credit Unions was officially formed on January 1st, ushering a great start to the new year for credit unions. Emily Claus reports on the organization’s plans for the year, new leaders, and how credit unions can stay in-the-know.
Help Your Members Achieve Their New Year’s Resolutions
Someone is making a list and checking it twice, but this time, it’s not Santa, it’s your members making their New Year’s resolutions. While most won’t make it past January, your credit union’s resources and products can help your members reach their financial goals for 2024, says Emily Claus.
House Passes Resolution of Disapproval for CFPB’s Section 1071 Rule
The House has passed a resolution of disapproval for the CFPB’s rule on Section 1071 of the Dodd-Frank Act, which would require credit unions to collect data on certain applications for credit. Emily Claus reports on the rule and what the next steps are.
Don’t Forget to Show Your Members and Staff Thanks This Thanksgiving
As Thanksgiving approaches, Emily Claus reminds credit unions to use the opportunity to show both their members and their staff how much they appreciate them.
Credit Unions and the Consolidation Curve
Credit union mergers have been at the forefront of news for years now, with industry professionals expressing disappointment and concern over the trend. But are mergers a worrisome sign or simply a symptom of a much larger trend at play? Emily Claus reports on the Consolidation Curve and where we our industry fits into it.