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
Iowa league decides not to buy bank
DES MOINES, Iowa (11/30/09)-The Iowa Credit Union League (ICUL) has decided to withdraw its application to purchase CreditCard National Bank of Tucson, Ariz. “Since filing the applications, we have learned that in response to the current economic environment, regulatory requirements would be imposed upon our business model which would not allow us to effectively serve our members,” said Iowa league President/CEO Patrick Jury. “Therefore, we have decided to withdraw our applications and explore other resolutions to our member needs. Iowa Corporate will continue to operate as usual throughout this timeframe,” Jury said. “Our commitment at ICUL and Iowa Corporate has been to partner with Iowa credit unions to bring this process to a positive resolution for the benefit of our members,” he added. The league filed an application in September after an extensive due diligence process. ICUL and Iowa Corporate Central CU aimed to meet the future needs of members and to find a suitable alternative for Iowa credit unions as Iowa Corporate evaluates its future direction, Jury said.


RSS





print
News Now LiveWire
20 breakout sessions available at @CUNA's April lending school #creditunions http://t.co/eTK0fVO0RK
9 hours ago
.@CoreLogicInc: Jan. home prices jump nearly 6% annually #Market #NewsNow http://t.co/DoDtHhjvaw
11 hours ago
CU Effect: @StLouisComm collaborates to save homes with FHLB grant #NewsNow http://t.co/fxX8EhouUj
16 hours ago
#NewsNow March 31 deadline for Biz Kid$ fin. ed grant application http://t.co/5AD5ZYPLEU
17 hours ago
.@CUNA sends letters on @RepAndyBarr QM bill, @RepMickMulvaney @NCUA budget transparency bill #NewsNow http://t.co/cRAk46ALeD
18 hours ago