Corporate credit unions

The Ohio-based corporate has unveiled Sherpa Technologies, a credit union service organization intended to help CUs better navigate the tech landscape for financial institutions.

Last year Corporate Central returned more than $725,000 to its member credit unions, bringing the three-year total to $1.8 million.

Bruce Fox, current EVP/chief investment officer, will move into the corner office upon Kathy Garner's retirement in March.

Melissa Ashley, who has been with the corporate since 1999, has been tapped to succeed retiring CEO Lee Butke.

The payment is likely to bring an end to the saga of the failed corporate credit unions, which began nearly a decade ago.

Sponem's seat on the board will be filled by Sue Johnson, president and CEO of Fort Community Credit Union.

Three corporate credit unions now fund the check-processing services LLC.

Constellation Digital Partners, LLC, has raised $26 million in the last 10 months.

Butke has been in credit unions for 40 years, the past 25 building the Ohio-based corporate.

Iowa lawmakers are considering a bill that would lower taxes for banks and impose a franchise tax on credit unions. The move could be a bellwether for other states looking at similar measures.

NCUA unveiled its methodology for how it would return a $736 million equity distribution from the share insurance fund, but a small group of CUs won't share in the largesse, and some still think the payment isn't big enough.

The Wisconsin-based corporate credit union will pay out a 7 percent return to members, a new record for the CU.

The move will impact more than 800 credit unions.

The credit union will get money back sometime late next year as a result of the merger of the Temporary Corporate Credit Union Stabilization Fund and the National Credit Union Share Insurance Fund.

Today is the final day to submit photos for CU Journal's annual "A Day in the Life of Credit Unions" photo spread. Here's how you can be a part of it.

While credit unions will likely be pleased with a rebate of as much as $800 million, that amount could have been significantly more, had the regulator not voted to raise the normal operating level.

The National Credit Union Administration must return all credit union monies that come from merging the insurance and stabilization funds, and halt its proposal to increase the normal operating level for the share insurance fund.

NCUA must return all credit union monies that come from merging the insurance and stabilization funds, and halt its proposal to increase the normal operating level for the share insurance fund.

At NASCUS meeting, Rick Metsger says the regulator is listening to all points of view.

The regulator issued an urgent call for comments – needed by September 5 – in an effort to close stabilization fund more than three years earlier than expected.