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Former NCUA chair Rodney Hood starts leading the OCC Monday.
WOCCU’s leader has some hope there’s a chance to rehire employees.
Workers FCU took a $62 million hit as it dumped underwater bonds acquired when interest rates were low.
Gloria Jean Hall’s fraud and antiquated business practices led to the merger of one of the nation’s oldest FCUs founded by a Black university.
Eighteen positions were eliminated in January. Although the credit union laid off 16 employees in November, 14 were retained with other job offers.
Higher charge-offs, stagnant income and dwindling auto lending are major contributors.
Cleveland comes from Sound CU in Washington State, where she served as EVP and COO.
Consent order requires Patelco to establish a new cybersecurity program.
Credit Union Board Modernization Act is expected to pass the House possibly as early as next week.
John P. Barron will take over the leadership helm at Liberty Bay Credit Union next week.