VANCOUVER, Wash. - (07/01/05) The dissident group of members whoopposed the attempted conversion to bank charter by Columbia CreditUnion here have succeeded in taking control of the board ofdirectors. At its June 29 annual meeting, ballots showed that thecandidates who had been active in the dissident group, Save CCU,were elected to the four open positions on the board and the twoopen positions on the supervisory committee. At the 2004 annualmeeting, Save CCU candidates also won the four open board seats andthree open supervisory committee seats. During the 2005 annualmeeting, the board treasurer shared with members that $1.2 millionhad been spent by the credit union on the conversion attempt. DavidDoss, the former CEO who had attempted to engineer the conversionto a bank, exited the credit union in January of this year tobecome CEO at Arizona State Savings CU. Former Washington Stateregulator Parker Cann has been named as the new CEO.
-
As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
5h ago -
House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
July 3 -
A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
July 3 -
Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
July 3 -
Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
July 3 -
In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
July 3