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Canal Al
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| Number of Posts: | 6 |
| Registered on: | 7/5/2022 |
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re: Louisiana officially canceling Mid-Barataria Diversion, state's biggest coastal project
Posted by Canal Al on 7/17/25 at 4:02 pm to TigerintheNO
Cutting their nose off to spite their face. And I have absolutely no sympathy. Screw em.
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Credit Union Merger: Keesler FCU announces acquisition of Jefferson FFCU
Posted by Canal Al on 11/13/24 at 10:20 pm
Another in a recent spate of LA financial institutions being acquired by MS based peers. Would easily be the biggest Credit Union in the Gulf South if approved.
quote:
BILOXI, Miss. (WLOX) - Wednesday, Keesler Federal Credit Union and Jefferson Financial Federal Credit Union Boards of Directors announced plans for the largest credit union merger in Louisiana and Mississippi history.
KFCU and JFFCU say the merger will result in enhanced services for members of both credit unions and a more robust footprint stretching across the Gulf Coast.
Jefferson Financial Federal will be merged into Keesler Federal Credit Union. The resulting organization will have combined assets of just under $5 billion, with 55 branch locations across Louisiana, Mississippi, Alabama, and the United Kingdom, and more than 900 employees.
The leaders of both cooperative organizations said the synergies of the merger make sense for their respective institutions. Keesler Federal has strategically moved into the greater New Orleans region with seven locations and high-profile sponsorships of the New Orleans Saints and New Orleans Pelicans professional sports franchises. Once the merger with Jefferson Financial Federal is complete, Keesler Federal will have 21 Louisiana locations stretching from New Orleans and the river parishes to Baton Rouge.
Two Louisiana Credit Unions propose $1 billion merger
Posted by Canal Al on 12/12/23 at 3:12 pm
Hardly a surprise. At least for once its not an out of state acquisition. Surprised we haven't seen more of this given how LA has so many small community banks and credit unions.
quote:
Two Louisiana credit unions that started life decades ago as savings cooperatives for workers at the Avondale shipyard and Shell refinery in Norco, said Monday they plan to merge.
OnPath Federal Credit Union and Louisiana Federal Credit Union said that if the merger is approved by their members and regulators they will form a new credit union to be called OnPath Credit Union.
The new, larger credit union would have almost 90,000 members and $1 billion in combined assets, the two credit unions said in a joint statement Monday. It would be the largest credit union merger in Louisiana to date, they said, citing industry tracker Callahan & Associates. The deal is set to close in mid-2024.
Credit unions are non-profits that are technically owned by their members. The OnPath merger would have to be approved by a majority of the members of LFCU—which is effectively being absorbed by OnPath under its charter—as well as by federal and state regulators.
The proposed merger is part of a long-standing industry trend, according to Credit Union Times, a trade publication. Credit union membership over the last decade has grown from about 90 million to nearly 140 million in the U.S., even as the number of credit unions has declined from nearly 7,000 to 4,700.
The credit union consolidation is driven by the same factors shrinking the number of banks and other financial institutions: technology advancements and the desire to be bigger so as to save costs and offer a broader product range.
"Becoming a larger credit union would ... result in being able to provide even more benefits to members in the form of more product and service access and integrating new and robust technologies and services," the credit unions' joint statement said.
Jared Freeman, current CEO/President of OnPath, which has 53,000 members, would become the merged union's CEO.
Rhonda Hotard, CEO/President of FCU, which has 36,000 members, would become president of the new OnPath.
OnPath, which start out in 1961, currently has 10 branches in metro New Orleans and Thibodaux.
FCU, which was founded in 1935, has branches in Norco, Gonzales, Gramercy, Hammond and LaPlace.
Both of them sucked. XFL lost a fortune. USFL had the terrible hub model, and although it had the better tv deal of the two with more games on national networks, they were still only drawing 500-750k for games on stations like Fox and NBC, their games on FS1 and USA sometimes drawing as little as 100k.
I think spring football can work, if they keep it simple. Non-NFL markets where there is more of an appetite for pro football (i.e. St. Louis). Why on earth if you live in Houston for instance after months of mediocre NFL and college football in the city would you then want to go and watch minor league stuff? Only the football diehards would even consider it.
They also need the NFL's blessing, to assist with marketing and a pathway for players. If they have all this then I think, maybe it can have a place.
A fresh name wouldn't hurt to rid the stench of these leagues too. XFL is a dumb name which sounds like its from an xbox game in 2003. Both names are legacies of failure too.
I think spring football can work, if they keep it simple. Non-NFL markets where there is more of an appetite for pro football (i.e. St. Louis). Why on earth if you live in Houston for instance after months of mediocre NFL and college football in the city would you then want to go and watch minor league stuff? Only the football diehards would even consider it.
They also need the NFL's blessing, to assist with marketing and a pathway for players. If they have all this then I think, maybe it can have a place.
A fresh name wouldn't hurt to rid the stench of these leagues too. XFL is a dumb name which sounds like its from an xbox game in 2003. Both names are legacies of failure too.
Genuinely a dangerous Downtown even compared to the likes of New Orleans, Baltimore, Detroit.
The metro as a whole does have some old money and a decent corporate presence but it's got 7 fortune 500 companies and none are based Downtown. Draw your own conclusions. One of the tallest office buildings Downtown is literally abandoned and redevelopment is crawling along. They're all going to Clayton in the County instead or suburban office parks.
Apart from maybe Downtown Memphis, never been harassed by so many beggars, hustlers, seedy types and there's parts that are downright barren empty.
Blues and Cardinals games and Arch tourists are all that saves Downtown. Ballpark Village finished phase 2 in 2020. There's little demand for businesses to be Downtown so it's sort of stalled.
The metro as a whole does have some old money and a decent corporate presence but it's got 7 fortune 500 companies and none are based Downtown. Draw your own conclusions. One of the tallest office buildings Downtown is literally abandoned and redevelopment is crawling along. They're all going to Clayton in the County instead or suburban office parks.
Apart from maybe Downtown Memphis, never been harassed by so many beggars, hustlers, seedy types and there's parts that are downright barren empty.
Blues and Cardinals games and Arch tourists are all that saves Downtown. Ballpark Village finished phase 2 in 2020. There's little demand for businesses to be Downtown so it's sort of stalled.
re: Teedy celebrating murder capital
Posted by Canal Al on 9/19/22 at 8:02 am to LSUPilot07
Great news. Now lets hope the thugs don't rest up and continue to cleanse the place and blow each others brains out. We don't want to get complacent and let St. Louis or Baltimore sneak up on us.
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