Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Conn. Banking Dept. holds town hall meeting with NCUA
MERIDEN, Conn. (12/3/10)--The State of Connecticut Department of Banking recently hosted a town hall meeting in conjunction with the National Credit Union Administration (NCUA) to update Connecticut credit unions on the conservatorship of Constitution Corporate FCU.
Presiding at the Connecticut Dept. of Banking Town Hall Meeting were, from left, Charles Furbee, Acting CEO, Members United Bridge Corporate FCU; Bill White, Interim CEO, Constitution Corporate FCU; Scott Hunt, Director, NCUA Office of Corporate Credit Unions; and Connecticut Banking Commissioner Howard Pitkin. (Photo provided by Credit Union League of Connecticut.)
Connecticut Banking Commissioner Howard Pitkin welcomed nearly 75 representatives from Connecticut credit unions and introduced guest speakers who addressed the transition as Members United Bridge Corporate FCU assumes the assets of Constitution Corporate FCU. Keynote speaker Scott Hunt, director of the NCUA Office of Corporate Credit Unions, outlined the steps leading to the assumption of Constitution Corporate FCU’s operations by Members United Bridge Corporate FCU. “When looking at the placement of Constitution’s operations,” Hunt explained, “we held two principles up front: minimal cost to you [Constitution’s member credit unions] and the cost effect to the [NCUSIF] insurance fund. That, and a number of other factors, including shared systems-related operations, led us to select Members United Bridge as the ideal choice for assumption.” Charles Furbee, acting CEO of Members United Bridge FCU, reviewed the bridge corporate’s position on a number of issues and offered his assurance of a transparent transition takeover with full cooperation of Constitution Corporate FCU’s staff. Bill White, interim CEO of Constitution Corporate FCU, reviewed the developments leading to the conservatorship proceedings and thanked member credit unions for their support during his 23 years of service at the corporate.


RSS





print
News Now LiveWire
CUNA: CUNA offices closed through Friday, News Now returns Monday http://t.co/a5xbLzQKDj
12 24 ago
Reminder: @CUNA's Madison, D.C. offices will be closed through Friday, open again on Monday. #NewsNow will publish Monday.
12 23 ago
MI dentist to match @CUDirect's $20K to @HurleyMedical as a result of #20for20 online voting http://t.co/hqmIc9LpK1 @CMNHospitals
12 23 ago
New #creditunion chartered in St. Louis - #LutheranFCU - by @TheNCUA http://t.co/faPfANGS0P. Only 3rd new FCU charter this year.
12 23 ago
Don't get hacked during the holidays-use these tips from @CUNA http://t.co/jEqxni6NhO #StoptheDataBreaches http://t.co/woIxPOIyys
12 23 ago