TITLE

The Evolution in Chartering

AUTHOR(S)
Harrison, Glenn
PUB. DATE
June 2011
SOURCE
Credit Union Journal;6/20/2011, Vol. 15 Issue 23, p13
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on community chartered credit unions (CUs), which started to grow since the implementation of the bill H. R. 1151 that removed the legal hindrances to community charters for federally insured CUs in the U.S. It says that community chartered CUs have 38% of all CU members since the start of the global economic crisis in 2008. Furthermore, CUs that plan for a community charter conversion should not expect a large number of new members as consumers tend to stay with large banks.
ACCESSION #
61793803

 

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