Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Rhode Island CU considers charter conversion
CRANSTON, R.I. (7/21/08)--Coastway CU, Cranston, R.I., is considering a charter change to a mutual savings bank, according to a notice on the credit union’s website. “The board of directors believes this conversion would allow Coastway to better meet the current and future needs of our members,” the statement said. “The conversion would also allow us to offer loans to anyone, regardless of whether they have a deposit relationship with Coastway.” Specifically, Coastway said it hopes to offer more member business loans, which would help it generate greater revenues. No director, officer or employee will receive additional compensation as a result of the conversion. The credit union is currently seeking written comments from members on the proposed charter change. Comments must be received before Aug. 20. On Aug. 21, the board will decide on the charter change. Coastway has $302 million in assets and 25,000 members.


RSS print
News Now LiveWire
You get an extra hour this weekend. How to use it? Try these 12 money tasks via @MainStr http://t.co/wtv5qDkELD
39 minutes ago
#Halloween, #creditunions, a boo-tiful pair #NewsNow http://t.co/h0ZfAcN9PW
55 minutes ago
Monetary effect of #HomeDepotBreach on Ohio #creditunions gets press in @TheBizJournal http://t.co/3E07NXT696 @OhioCreditUnion
57 minutes ago
Consumer trust in #creditunions remains consistent. Banks? Less so, says @HarrisPoll See #NewsNow http://t.co/ktljPRzt3W
1 hours ago
#SupremeCourt to hear mortgage rescission case Tuesday. See #NewsNow http://t.co/KbWoWtzQRD
1 hours ago