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The two institutions are part of the continuing trend of federally chartered credit unions converting to state charters in a push for greater flexibility and membership growth.July 15
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The Georgia-based credit union hopes to gain more flexibility to widen its field of membership by switching from a federal charter.May 12
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The push to revive the District charter began in 2001, nearly 40 years after the original rule was repealed and CUs there adopted the federal charter.May 7
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The $468 million-asset institution said expansion isn't required now but the move is a proactive attempt to ensure its long-term viability.May 4
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The New York-based credit union is set to absorb Hudson River Financial FCU and Columbia-Greene FCU following charter conversions at those institutions. Sunmark has picked up at least two other small CUs within the last 18 months.April 27
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The value of serving a specific employer or a limited field of membership has diminished over the years. COVID-19 is just the latest crisis that shows how dangerous this concentration can be.April 23
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Cobalt Credit Union is currently a state-chartered institution but is looking to once again become a federal one because of Iowa state taxes.April 3
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Both institutions will see an expanded field of membership as a result of the charter change.January 6
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Dort Financial is the latest to switch from a federal charter to a state charter, a move that also widens its field of membership.January 6
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From massive growth and consolidation to the fallout after the corporate credit union crisis, uncertainty at the National Credit Union Administration and more, here's a look at the decade in review.December 31
