Yes, Virginia, There Is Collaboration Among Credit Unions скачать в хорошем качестве

Yes, Virginia, There Is Collaboration Among Credit Unions

In the modern world of financial services, people don't expect a lot of cooperation - even among credit unions. And especially in the state where Bank of America is headquartered. Still, there is a beacon of hope and the precise reason no credit union of any size should be taxed. State Employees' Credit Union (SECU), the world's second largest credit union and North Carolina's 4th largest financial institution, has birthed or supported not 1, not 2 but 4 credit unions. Twenty-five years ago, it partnered with Self-Help Credit Union to launch Latino Community Credit Union. That credit union is now more than $1.05 billion with a B in assets and serves more than 144K members. It became an independent credit union last fall. Now, after 42 years, the $4.03 billion Local Government Federal Credit Union (LGFCU) will be spun off from SECU on June 1, 2025, and become Civic FCU, a credit union LGFCU started in 2013. Confusing enough? There are two more credit unions SECU will continue to support. In a time when credit unions are merging away, SECU has created or sustained 4 credit unions. SECU CEO Leigh Brady challenged other credit unions to do the same, and LGFCU CEO Dwayne Naylor is taking that challenge seriously. LGFCU will house the National Association for Latino Credit Union Professionals (NLCUP) in its headquarters for free. Both multi-billion credit union CEOs sat down with The Credit Union Connection Host/Founder/CEO Sarah Snell Cooke to talk about the process and throw down the gauntlet. One more reason no credit union of any size should be subject to the federal income tax.