Source: AdobeStock.
The $1.5 billion Collins Community Credit Union in Cedar Rapids, Iowa laid off 38 employees on Oct. 6 because of declining consumer demand for mortgage loans and refinancing.
"In the financial sector, industry market trends have changed, and while some services are growing, others are slowing," Collins Community Vice President of Corporate Strategy and Marketing Mai-Linh Hoang said. "For Collins Community Credit Union, this has resulted in an internal restructuring, which included the elimination of some current positions."
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:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2025 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.
