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CU Taxation, Is it likely? Taxation Compromise May Keep Credit Unions Trapped
Credit Unions Converting to Banks are a Target of New NCUA Conversion Regulations Planned
Is a Bank Charter in Your Future?
July 14, 2003
When the options are few, what can you do? Appears to be an emerging trend.
What do conversions have to do with alternative capital. This is a self-serving "article" that does nothing but market this consultant's services. These articles don't belong in this forum.
Excellent article with informative and up-to-date data. What is the conference, KBW? It is held in New York ...would like to attend and receive more info. Plus - I really beleive we need to more education for our industry on the implications of not having future options for addtional capital. Those that argue and block our ablitliy to dialgoue and proceed on this subject matter,typically do not really understand that the governance of our CU's will not change, and that we as CU's should have this available for our future. The damage of those that "block" our efforts in my opionion really lack understanding of the possible structure, etc. All they do is come up with threats of taxation, goverance structure change, instead of coming up with solutions or future needs. I really hope that you get this article out to CU Times or publications that have more wide audience,as I support the need of "options" for capital, etc. for our survival. The negative results of the lack of support in this area is what causes good CU's to convert to mutuals. As Chairperson with the National Association of Credit Unions (NACCU), we strongly urge our industry to further our efforts in this arena, and support those that help in opening "options" for us...especially as community credits realize that they have to offer more services (i.e. branch expansion, business lines, etc., which impacts our earnings -capital growth). Thanks for your time, Grace Mayo - Pres./CEO Telesis Community Credit Union
Thank you for listing the converted CU's. It will help CU members make informed decisions by reviewing what happened to other CUs after conversion such as those that subsequently go on to a public stock company and to track what happens to rates after the bank starts paying income tax.
2014 Credit Union Performance In 7 Chart...
Industry Performance (3Q 2015)
CU Taxation, Is it likely? Taxation Comp...