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MA, NH & RI Leagues Approve Tri-State Merger
Massachusetts credit unions voted in unanimous fashion to join forces with the credit unions of New Hampshire and Rhode Island.
Massachusetts credit unions voted in unanimous fashion to join forces with the credit unions of New Hampshire and Rhode Island in a merged credit union trade association. The result of that vote, together with similar votes taken earlier this month in New Hampshire and Rhode Island, means that the credit union Leagues in the three states will merge to form the Cooperative Credit Union Association.
The CFPB has finalized a rule allowing financial institutions, including credit unions, to post privacy notices online rather than in paper, if certain conditions are met. This rule simplifies notice requirements for institutions that limit their consumer data-sharing. This rule was proposed in May and generally supported by CUNA and the League; the rule will become effective upon publication in the Federal Register.
Credit unions are built on the time and effort of dedicated volunteers and professionals who work with the members' best interests at heart. In Massachusetts, New Hampshire, and Rhode Island there are many credit union leaders who have devoted many years to improving their individual credit unions as well as the larger credit union system.
Preparations for the 2015 CUNA Governmental Affairs Conference (GAC) are well underway. In addition to political advocacy, the program offers attendees networking opportunities, keynote speakers, industry-focused breakout sessions, and the largest financial services exhibitor showcase.
Massachusetts Governor Deval Patrick signed into law yesterday House 3954, An Act Relative to the List of Legal Investments prepared by the Commissioner of Banks. The measure improves the investment authority for state chartered credit unions in three ways.
Over sixty representatives from small credit unions in New England and beyond met in Portsmouth, New Hampshire, to attend the 7th annual Small Credit Union Conference, and thriving-not just surviving-was on the minds of small credit union leaders.
On October 2, the Massachusetts Division of Banks jointly sponsored a regulatory roundtable with the League for Massachusetts credit unions. League President Paul Gentile facilitated this lively session at which member credit unions directed a number of questions on a wide range of subjects to Commissioner David Cotney and members of his senior staff.
The credit unions of Massachusetts, New Hampshire, and Rhode Island will be voting on a plan to merge their three Leagues next month. A voting schedule for each state has been established, which includes the opportunity to vote electronically on a secured website using a unique password or to vote in person at a polling place set in the state in which they are located. (See the schedule shown below.)
NCUA Board Member J. Mark McWatters confirmed that he would not vote in favor of any risk-based capital (RBC) proposal if it does not include a second comment period.
The NCUA Board met briefly yesterday to discuss the Temporary Corporate Credit Union Stabilization Fund quarterly report, and issued a final rule regarding several technical amendments. This was the first meeting for new NCUA Board Member Mark McWatters and NCUA Board Member Rick Metsger's first meeting as Vice Chairman.
If you are a member credit union and would like to post a job to the Cooperative Credit Union Association website, please submit to email@example.com.
MetroWest Community FCU, a $95 million credit union located in downtown Framingham, MA, seeks a strong, dynamic leader who can blend innovation into a great member experience to take this organization to the next level.
Northeastern University Federal Credit Union, a $30M CU located on Boston’s Northeastern University campus, seeks a strong, dynamic leader who can blend innovation into a great member experience to take this organization to the next level.
Mutual Security Credit Union is searching for an Executive Vice President to support the CEO in implementing progressive technologies, developing innovative products and services, as well as leading membership growth and diversification strategies within the credit union’s core market.
Quincy Credit Union looking for an experienced, multi-tasking, well rounded Senior Vice President of Technology to join the management team in the second quarter of 2015.
Pawtucket Credit Union, named to the “Best Places to Work in RI” list for the past 4 consecutive years, has an exciting opportunity for a seasoned Vice President and Controller to work closely with senior management to add measurable value to the organization from an accounting perspective.
Jeanne D'Arc Credit Union is currently seeking an Assistant Vice President – Network Operations. This individual would be responsible for network administration activities related to IT infrastructure supporting the internal business operations.
Exciting leadership opportunity to be part of one of the fastest growing credit unions in New Hampshire. Holy Rosary Credit Union is seeking an Assistant Vice President of Consumer Lending.
Leominster Credit Union has an exciting opportunity for an experienced professional to lead the mortgage production and sales initiatives.
Jeanne D'Arc Credit Union is currently seeking an Assistant Vice President – Collections responsible for the management, supervision and direction of the credit union’s collection activities in compliance with federal and state regulations under the general direction of the VP-Member Contact.