ALEXANDRIA, Va. - (01/06/05) -- NCUA approved 70 mergers in thefinal two months of 2004, making a total of 300 credit unionmarriages for the year. The last two months claimed 45 more smallcredit unions under $5 million, meaning 218 small credit unionsdisappeared through mergers last year. The biggest combinationsapproved in the last two months were: Covantage CU, Antigo, Wis.($450 million) with Eagle Country FCU, Crystal Falls, Mich. ($45million); Suncoast Schools FCU, Tampa, Fla. ($4.4 billion) with HSNFCU, Clearwater, Fla. ($12 million); AEDC FCU, Tullahoma, Tenn.($980 million) with Maury Progressive CU, Columbia, Tenn. ($7million); Beacon CU (formerly Wabash County Farm Bureau CU),Wabash, Ind. ($530 million) with Saginaw Community CU, Peru, Ind.($35 million); Communications Family FCU, Saginaw, Mich. ($410million) with Midland Area FCU, Midland, Mich. ($22 million); andTellesis CU, Chatsworth, Calif. ($480 million) with New World FCU,Lafayette, Calif. ($9 million). Also, fast-growing Self-Help CU,the nation's leading community development credit union, based inDurham, N.C. (175 million) agreed to merger with Scotland CommunityCU, Wagren, N.C. ($8 million).
-
The Minneapolis-based company has promoted Kedia to president, a role that CEO Andy Cecere and his predecessor both held before being named to the top job.
5h ago -
The Consumer Financial Protection Bureau's overdraft proposal would set fees at $14. With fee income under attack from many sides, bankers say they would have to further restrict credit.
6h ago -
In a surprise move, the Federal Deposit Insurance Corp., Office of the Comptroller of the Currency and Federal Housing Finance Agency proposed a long-awaited rule to curb certain incentive-based pay arrangements for bank executives.
6h ago -
The $1.1 billion-asset Vibrant is working with the San Francisco-based distributed ledger development firm Metallicus through its Metal Blockchain Banking Innovation Program to examine use cases.
7h ago -
Forty companies made the 2024 edition of American Banker's annual list of enviable workplace cultures in the financial technology space. Here is a look at some of what makes these firms employers of choice.
10h ago -
Incumbents face the challenge of updating their infrastructure for digital payments, while newcomers are pushing to compete by using artificial intelligence, cloud hosting and other technologies.
10h ago