PLANO, Texas - The $1.4 million Community Credit Union has sent its disclosure information on the pending charter change to its members, revealing that the credit union expects to pay almost $1.3 million to make the change and that it will employ a raffle to help drive member voting. In...

MILWAUKEE - A church on the fringes of North Milwaukee will become the sponsor of the first new Wisconsin credit union in 12 years when the credit union opens its doors on April 3rd. The pastor and members of Christ the King Church had long seen the need for a...

ARLINGTON, Va. - The question of whether credit unions and banks can accept the Matricula Consular card as identification for new members to open news accounts appears to remain significantly less settled than supporters would have wished. The Mexican Government issues Matricula Consular cards for Mexican nationals who are living...

DURHAM, N.C. - A new report has suggested that where payday lenders set up shop may be as much a race issue as a financial one. The Center For Responsible Lending, a subsidiary of the Durham based Community for Self Help, researched the report which charges that African-American neighborhoods in...

WASHINGTON - In the fight between the supporters of the U.S. Treasury's Community Development Financial Institutions Fund and the Bush Administration, the first round appears to have gone to the CDFI Fund supporters. The Administration sought to eliminate the Fund along with other community development programs in its fiscal 2006...

WASHINGTON - The $145 million Share Plus Federal Bank, headquartered in Plano, Texas, was the Share Plus Federal Credit Union until its membership voted in July of 2004 to move to a mutual bank charter. Now a publication from America's Community Bankers called Today's Mutual Community Banks, highlights the former...

WASHINGTON - Proponents of credit unions taking on mutual bank charters will sometimes make the point that mutual bank depositors have similar rights. For example, they elect directors and participate in a mutual organization and, if the organization converts to a stock issuing bank, they vote in that decision as...

TALLAHASSEE, Fla. - The $170 million Sunshine State credit union has become the third Credit Union in the United States to have tried to become a mutual bank and failed - at least for now. The credit announced that it was withdrawing its application to the Office of Thrift Supervision...