Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Oklahoma regulator approves CUs merger (02/21/2011)
OKLAHOMA CITY (2/22/11)--The Oklahoma State Credit Union Board approved a merger between Tulsa Metro FCU and the Fraternal Order of Police (FOP) CU, both of Tulsa. FOP CU, with $25.6 million assets absorbs Tulsa Metro CU’s $6.8 million assets. Gilbert told News Now that FOP/Tulsa Metro merger made sense from both cultural and operational perspectives. “They were not interested in becoming part of a big credit union,” he said of Tulsa Metro CU. “They still maintain that small credit union atmosphere through this merger.” FOP CU CEO Carol Webb had previously held the same position at Tulsa Metro, Gilbert noted. “She knew its operations, as well as the limitations and struggles it had,” Gilbert said. One of those limitations was access to branch facilities. Tulsa Metro FCU was previously housed in the fifth floor of a downtown building, said Gilbert. The National Credit Union Administration has also approved the merger.


RSS print
News Now LiveWire
Matz says # of late filers is going down but @TheNCUA had been too lenient. Still, if CU files late w/valid excus, will not be penalized.
1 minutes ago
.@TheNCUA #listeningsession is for all CU topics: CU asks about penalties for late filers of Call Reports. Next tweet--see Matz response.
5 minutes ago
Matz: We don't want to make it more difficult for you to do business but want you to do business safely 2of2 #listeningsession
15 minutes ago
Matz responds:GAO is pushing us; we are going forward; but whether we include concentration/IRR risk we are going to take another look.1of2
15 minutes ago
CU warns NCUA must look at concentration risk on individual basis:UR creating concentration risk;UR pushing us into old ways of doing biz.
17 minutes ago