A Champion for Small Credit Unions
As president and CEO of a credit union with one branch and $49 million in assets and board chair of the CCUA, Ron Draper wants to see small credit unions survive.
Personnel File
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s the 258th installment of Banker & Tradesman’s Personnel File.
Regulation, Competition Drive Credit Unions to Merge
Massachusetts has fewer credit unions compared to last year, with more than a dozen institutions completing or planning mergers in 2019 under pressure from many of the same forces plaguing banks.
Hanscom FCU’s Marotta Receives CCUA Hall of Fame Award
Paul Marotta, chairman emeritus of Hanscom Federal Credit Union, was awarded the 2019 Cooperative Credit Union Association (CCUA) Hall of Fame award in recognition of his 43 years of service.
Banks, Credit Unions Renew Turf Battle on Beacon Hill
Credit unions and banks, long at odds over the differing regulations they face, renewed sparring Wednesday over several bills that industry leaders on either side claim gives the other an unfair advantage.
The CCUA’s New Head is Moving Home
Ronald McLean was hired earlier this year as president and CEO of the Cooperative Credit Union Association, a trade group that represents credit unions in Massachusetts, Rhode Island, New Hampshire and Delaware.
In Bid to Modernize Closings, Lenders Push E-Notarization on Beacon Hill
With electronic notarization, closing attorneys would do the notarization through a portal that requires dual authentication from the borrower and closing attorney, but some have serious reservations about legalizing the technique in Massachusetts.
CCUA Taps Interim CEO as Search for Permanent Leader Continues
The Cooperative Credit Union Association, which represents credit unions in Massachusetts, Rhode Island, New Hampshire and Delaware, has appointed an interim president and CEO as it continues to search for the right candidate to fill the vacancy permanently.
Vega Turns Down Top Post at CCUA
In a surprising turn of events, Sarah Vega has decided to forego the top job at the Cooperative Credit Union Association and return to her position as chief of staff to NCUA Board Chairman J. Mark McWatters.
CCUA Names New CEO and President
The Cooperative Credit Union Association, which represents credit unions in Massachusetts, Rhode Island, New Hampshire and Delaware, has found its next leader.
CCUA CEO to Depart for Top Post at New Jersey CU
Paul Gentile, president and CEO of the Cooperative Credit Union Association, will leave his post in the fall to become president and CEO of Rahway, New Jersey-based Merck Employees Federal Credit Union.
State-Run Pot Bank Not Realistic
With recreational pot sales slated to begin statewide in July and financial institutions largely staying away from the industry, the state’s top cannabis official Steve Hoffman has proposed setting up a state-run pot bank.
Leominster Credit Union Named Credit Union of the Year
Leominster Credit Union was named Credit Union of the Year at the 2017 Cooperative Credit Union Association Annual Meeting and Convention.
CU Advocates Say NCUA Restructuring Needed For Changing Industry
Two regional offices, including the one in Albany, charged with regulating credit unions in Massachusetts, Rhode Island, Connecticut, Maine, New Hampshire and New York would close under the National Credit Union Association’s recent announcement to restructure its operations.
Community Good Works
A variety of financial institutions and a CPA firm are featured in this week’s roundup.
CCU Association Head Urges Longer Exam Cycles For Well-Run Credit Unions
The head of the Cooperative Credit Union Association...
