Search
 

NCUA Approves Lafayette's Disclosures; Two U.S. Representatives Ask CU to Give Members More Time

Just as two members of Congress wrote the CEO and board of the $331 million Lafayette Federal Credit Union to ask that its members have more time to contemplate the CU's proposed conversion to a mutual bank, the NCUA approved the credit union's disclosure documents and ballots for the conversion...

By David Morrison | Updated on August 29, 2006

WASHINGTON — Just as two members of Congress wrote the CEO and board of the $331 million Lafayette Federal Credit Union to ask that its members have more time to contemplate the CU’s proposed conversion to a mutual bank, the NCUA approved the credit union’s disclosure documents and ballots for the conversion vote.

The credit union applied to convert its charter to that of a mutual bank in June of this year and had already been through at least one round of disclosure document negotiations.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2024 ALM Global, LLC. All Rights Reserved.