To our clients and friends:
In light of the recent large bank failures, our Alert regarding items that credit unions should consider is available here.
To diversify sources of liquidity, eligible credit unions should consider getting NCUA preapproval to issue subordinated debt, which is discussed in our Alert.
Luse Gorman, PC White Paper - The NCUA's Final Rule on Subordinated Debt
Read More...To our clients and friends:
In light of the recent large bank failures, our Alert regarding items that financial institutions should consider is available here.
Read More...On February 22, 2023, LINKBANCORP, Inc., Camp Hill, Pennsylvania, entered into a merger agreement with Partners Bancorp, Salisbury, Maryland, pursuant to which Partners will merge with and into LINKBANCORP in an all-stock transaction valued at approximately $167.8 million.
Read More...On February 8, 2023, Education Credit Union, Amarillo, Texas, successfully completed its merger with H&H Federal Credit Union, Stinnett, Texas. Education Credit Union, as the continuing credit union, has approximately $467 million in assets on a combined basis following the merger.
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