The credit union merger process is relatively complex and needs careful management to ensure a successful outcome. Apart from the merger team that oversees the entire process, a number of subsidiary teams are needed, each [...]
At present, credit unions are not required to know the identity of the individuals who own and/or control their legal entity customers or members. FinCEN and the federal law enforcement agencies have long seen [...]
Credit unions make substantial investments to attract new members and reach new markets, only to risk losing loyalty as a result of poor member communications that can erode member experience once they are on board. [...]
According to the Chinese Calendar 2016 is the Year of the Monkey. The monkey symbolizes wealth and a knack for money. So “monkey-ing around” with the economy and financial market place will be a harbinger [...]
Our purpose is to introduce credit unions into Cuba, so we visited the country this week to take the first steps. We learned about their banking and financial services by engaging with Cuban economists and [...]
Banks 'just say no' to pot cash by: Katie Lobosco Kristi Kelly owns legal marijuana stores in Colorado called Good Meds and has lost 23 bank accounts in five years. Even though medical marijuana is [...]
Bank of America has been forced to pay billions of dollars in legal costs related to the financial crisis over the past few years. By James O'Toole @jtotoole Bank of America has a whole new [...]
Don't simply settle; analyze all your options first by Michael M. Bell and Christopher Francis A quick review of industry publications will reveal yet another challenge facing credit unions. This challenge is neither internal nor [...]
BY JULIE BECK The Florida Supreme Court has found that voluntarily dismissed foreclosure cases can’t be reopened when there are allegations of fraud, an important ruling in a state that saw a lot of [...]
BY E. ANDREW KEENEY Credit Union Times recently asked the attorneys on the Credit Union Team at Kaufman & Canoles for their predictions for the top 10 major legal challenges for credit unions in 2013. [...]
The National Credit Union Administration (NCUA) may approve a credit union's request to alter its charter and, subsequently, merge with another credit union with the same field of membership, NCUA General Counsel Michael McKenna said [...]
