Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
CEO of U.K.s largest CU to resign after inquiry
YORKSHIRE, U.K. (4/8/08)--The CEO of the largest credit union in the United Kingdom is resigning after an inquiry into lending activities at the credit union was made public. Sue Davenport, CEO of Leeds City CU (LCCU), will leave the position, effective next month. A statement issued by the credit union said she was pleased to have been part of the team who made Leeds one of the top credit unions in the country but wanted a quieter life (Yorkshire Post April 7). The newspaper reported an internal panel had been set up to investigate the credit union's management concerning loans made to a family member and to the credit union's staff. The newspaper said the loans were made on favorable terms in violation of the credit union's bylaws. A three-member panel of directors of the credit union was split on its findings but details of the majority and minority reports were unavailable.


RSS print
News Now LiveWire
Charlotte Cash, CEO of @COFCU , is engaging members by producing videos on various subject of financial interest to members.
4 minutes ago
@CFPB today finalized a rule to promote more effective privacy disclosures from financial institutions to their customers. Watch News Now
1 hours ago
Four consumer rights you didn't have 40 years ago via @CreditExperts http://t.co/RwSocTG1q4
1 hours ago
Cascade Community #CreditUnion has granted 30 educators almost $6,000 in Chalkboard grants for the 2014-15 school year.
1 hours ago
#NewsNow Money: CUNA's Schenk talks interest rates, inflation http://t.co/JbQlDrXzM3
1 hours ago