Credit Union Times

2 days ago | cutimes.com | Peter Strozniak

Established in 2008, the bank’s 113 employees serve 11,600 clients across North and Central Florida, South Georgia, and South Alabama from four branches, two in Tallahassee, and one each in Crawfordville and Lakeland. If approved by shareholders and regulators, the acquisition is expected to close next year. Prime Meridian shareholders will receive $58.50 in cash for each share owned subject to adjustment stipulated in the merger agreement between MIDFLORIDA and Prime Meridian Holding Company.

3 days ago | cutimes.com | Peter Strozniak

Nussle and Ann Petros, vice president of policy engagement and credit union operations at America's Credit Unions, answered a number of questions from its members about the NCUA and its future during an hour-long webinar conference call. The organization has not received any information regarding new appointments but said it would continue advocating with state leagues to ensure the NCUA remains independent.

3 days ago | cutimes.com | Peter Strozniak

But PSECU’s Chief Information Officer Richard Long noted that one of the most common feedback comments from members was, “Where can I find an ATM?” The credit union continually assesses ATM placement, aiming to be where its members are.

6 days ago | cutimes.com | Peter Strozniak

Ronnie Bonner, a 64-year-old former auto salesman will start his two year federal prison sentence in May for running a fraudulent loan scheme that cost eight credit unions and one bank nearly $400,000, according to the U.S. Attorney’s office in Connecticut. U.S. District Court Judge Stefan R. Underhill in Bridgeport also ordered Bonner of Bloomfield to three years of supervised release following his prison term and to pay $395,124 in restitution.

6 days ago | cutimes.com | Michael Ogden

Statement comes from the NCUA as Chairman Hauptman has yet to speak on the firings and changes at the agency. NCUA headquarters. Credit/NCUA The statement released Friday afternoon did not come from Chairman Kyle Hauptman, who has yet to address the firings of Harper and Otsuka. Since Wednesday’s firings, questions have swirled around the credit union industry about the future of the NCUA and what may come next for the agency.