- President's Report
TO BE OR NOT TO BE ... ... a mutual savings bank. That was the question posed recently to the membership of two large community credit unions in Texas. Members of the $1.4 billion Community Credit Union voted by a margin of 70 percent to make the charter conversion. The ......
- Changing charters, changing stripes: would your bank
give up a federal tax exemption? Two Texas credit unions' decisions
to convert into mutual banking companies carried just that price--and it
didn't...
Alan Theriault is not what you'd calla popular man in the hearts of true believers in the credit union industry. Indeed, he hasn't been for some time. Back before email and websites became ubiquitous, he was a voice in the wilderness. He'd transmit periodic fax newsletters (remember those?) promoting the ......
- GAO Asked to Examine NCUA's Handling of Conversions
Citing "unwarranted interference" by the National Credit Union Administration in processing credit union applications to convert to mutual savings bank charters, America's Community Bankers on Dec. 14, 2005, asked for a Government Accountability Office study. IMAGE PHOTOGRAPH 1 Diane Casey-Landry "Because of unwarranted interference by the NCUA, we believe that ......
- Pitching to the heavy hitters
HEADNOTE Texas bankers take credit union and reg burden relief messages to Washington With regulatory burden relief and credit union containment and conversion on their minds, members of the Texas Bankers Association will be traveling to Washington, D.C. to pitch their message to the nation's heavy-hitters during the 2006 Washington ......
- Community Credit Union Gets One Step Closer to Conversion
Score one victory for charter choice. On Aug. 17, a federal magistrate decided to recommend to a federal district court judge the issuance of a preliminary injunction ordering the National Credit Union Administration to validate the member vote of Community Credit Union, of Plano, Texas, to convert to a mutual ......
- Barn burner.
Hospitality Management Services, which owns and operates El Cholo Cafe and Dona Rosa Bakery & Taqueria, both in Pasadena, has signed a deal with the E-Central Credit Union to open and operate a Texas-style barbeque restaurant called Barn Burner Barbeque at 1000 S. Fair Oaks Ave. in Pasadena. The restaurant, ......
- Taking the credit union fight up a notch
At the inaugural meeting of our Credit Union Task Force in January we developed a strategy for fighting "morphed" credit unions that involves educating, differentiating and legislating. Our plan called for educating bankers on the threats credit unions pose to the banking industry, differentiating between traditional and morphed credit unions ......