Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Liquidation prompts resignation on NJCUL board
HIGHTSTOWN, N.J. (7/11/11)--Calvin Jackson has resigned from the New Jersey Credit Union League (NJCUL) board following the liquidation of $1 million asset St. James A.M.E FCU, Newark, where he served as a director. NCUA liquidated St. James A.M.E FCU on June 24. The credit union’s members were assumed by $194 million asset North Jersey FCU, Totowa, N.J. Jackson resigned pursuant to league bylaws requiring a director to be with a credit union in good standing (The Daily Exchange July 8). He served on the board since 2008. His three-year term would have expired Dec. 31, 2012. The resignation means that two seats will be open in the NJCUL Tier A--for candidates from credit unions under $33.875 million in assets--during the current next election cycle. All league member credit unions will receive an amended call for nominations reflecting the Tier A vacancy.


RSS print
News Now LiveWire
Housing starts swell in July #NewsNow #Market http://t.co/EdKIhXEj9l
6 hours ago
Consumer inflation tapers after spring surge #NewsNow #Market http://t.co/bgvQd8fyuF
6 hours ago
Have you read this one today in #NewsNow? What NCUA examiners look for on cybersecurity efforts: NCUA Report http://t.co/4g5wUavUAe
7 hours ago
.@CFPB sets $2.75M fine v. auto finance co. it says "distorted consumer credit records for years": TX-based First Investors Fin. Serv. Group
8 hours ago
University, college #creditunions add fin ed to higher ed. See #NewsNow http://t.co/NsyshwHPhg
9 hours ago