Members Of HAR-CO FCU
Approve Conversion To Bank
BEL AIR, Md. - Members of HAR-CO FCU voted to approve the conversion of the $200 million credit union to a mutual savings bank, the first credit union conversion in more than two years. The count was 58% to 42% of the 5,000 voting members of 17,000 total members, which must now be certified by NCUA. Applications for a mutual bank charter and deposit insurance are currently pending with the Office of the Comptroller of the Currency and the FDIC.
HAR-CO is one of several credit unions moving towards a bank charter, with California giant Tech CU, with $1.5 billion in assets, announcing last week it is seeking to convert charters to a mutual savings bank.
Twitter Hashtag Created
For Int'l CU Week
RALEIGH, N.C.-A Twitter hashtag has been created in honor of International CU Week and Day activities. The tag is #icuday11. "With credit unions already getting some really good exposure due to recent events, it might be a way for them to show their fun side, and engage the general public using Social Media," said the North Carolina league's Jeff Hardin. For info: http://ncleague.org/www/News.asp?id=3570&lid=5.
Former NCUA Director of
Public Affairs Passes Away
ALEXANDRIA, Va.-Cliff Northup, the former Director of Legislative & Public Affairs at NCUA, has died after a battle with cancer. "Cliff was an integral part of our leadership team during the Dollar years at NCUA," said former NCUA Chairman Dennis Dollar. "He was at the forefront of many of our successes, both on the Hill and with our fellow regulators. He was a true credit union believer, a great guy and a dear friend. He will be missed."
