Keith Leggett’s Credit Union Watch
Keeping an eye on the credit union scene.
Wednesday, April 25, 2018
Hatch Writes IRS Requesting Large or Complex FCUs File Form 990s
In a letter to the Acting Commissioner of the Internal Revenue Service (IRS) David Kautter, Senator Orrin Hatch (R - UT) called on the IRS t...
Tuesday, April 24, 2018
NCUA to Sen. Hatch: CUs Would Need a Taxpayer Bailout, If Taxed
In a March 28 letter to Senator Hatch (R - UT), National Credit Union Administration (NCUA) Chairman McWatters wrote that that eliminating t...
Puerto Rico Issues Revised Fiscal Plan for COSSEC
On April 19, the Government of Puerto Rico issued its Revised Fiscal Plan for the Public Corporation for the Supervision & Insurance of ...
Monday, April 23, 2018
Marine CU to Buy 10 Branches and Deposits from Old National Bancorp
Old National Bancorp (Evansville, IN) entered into a branch purchase and assumption agreement for the sale of 10 Old National branches in Wi...
Lake Michigan CU Finalizes Merger with Encore Bank
Lake Michigan Credit Union (Grand Rapids, MI) announced that it has finalized its merger with Encore Bank (Naples, FL). Both state and fed...
New York City Taxi Medallions Valued at $160,000
Signature Bank of New York announced on April 18 that it has valued each of its New York City taxi medallion loan or asset at approximately...
Saturday, April 21, 2018
NCUA Considering Appeal, Will Not Grant Charters Under Vacated Provisions
The National Credit Union Administration (NCUA) is considering whether to appeal the U.S. District Court for the District of Columbia's ...
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