WASHINGTON - The Office of Thrift Supervision has delayed its decision on Lusitania Federal Credit Union's application to convert to a mutual savings bank charter.

The agency's ruling, expected Feb. 6, was put off to give its regional office time to gather more information, said OTS spokesman Bill Fulwider. The Newark, N.J., institution's fate should be decided by March 6.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.