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Tag Archives: Mississippi Credit Union Association

Credit union regulator moving to ease business lending rules


By TED CARTER Lawyers for the credit union industry say the National Credit Union Administration’s proposal to loosen business lending rules for the industry amount to a deserved removal of its training wheels. Bankers, to the surprise of no one, including the membership of the Mississippi Bankers Association, are not happy. They see the proposals as an encouragement for reckless lending ...

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Keesler Credit Union gaining stake in Jackson with MDOT CU acquisition

Keesler Federal Credit Union, a $2.1 billion Biloxi-based member institution, has set the stage for entry into the metro Jackson market with acquisition of the $4.8 million Mississippi Department of Transportation Federal Credit Union. The deal closed March 31. Convergence of the operations is to be completed by June 30. Both non-profit entities were among Mississippi’s earliest credit unions, with ...

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Banks say credit unions have unfair advantage

ACROSS MISSISSIPPI — For decades, not-for-profit credit unions have enjoyed tax-exempt status as they emerged as legitimate contenders to banks, gaining new customers, especially as the recession caused many banks to tighten their lending policies. The banking industry says credit unions now enjoy an unfair competitive advantage as they broaden their services while not being taxed or held to the ...

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MSCUA elects, honors members

Credit union delegates, during the Mississippi Credit Union Association’s (MSCUA’s) 76th Annual Meeting & Convention, re-elected board members and recognized individuals for outstanding achievements. Four MSCUA board members were re-elected for a three year term: Shelia Bridges, president/CEO, MBHS FCU, Jackson; John Gibbons, president/CEO, Triangle FCU, Columbus; Kaye Ray, director, Central Sunbelt FCU, Laurel; and, Jimmy Smith, president/CEO, Singing River ...

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Board named, awards presented

The Mississippi Credit Union Association (MSCUA) at its Annual Meeting announced new board members, and awards and recognitions were presented. The MSCUA board is: chairman, Jimmy Smith, Singing River FCU; vice chairman, Billy Bridges, Mutual CU; treasurer, Ray Scott, University of Southern Mississippi FCU; Executive Committee member, John Gibbons, Triangle FCU; and, members Laurin Avara, Navigator CU; Sheila Bridges, MBHS ...

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MCUA staying busy

The Mississippi Credit Union Association recently elected a new board, seated officers as well as presented awards and recognized members for outstanding service. MSCUA board elections for three-year terms include: Billy Bridges, Mutual CU; Elmer Dickens, Gulf Coast Community FCU; Steve Pollman, Magnolia FCU; and Lt. Col. Dean Todd, USAF, Ret., Keesler FCU. Elected to fill un-expired terms were Dennis ...

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