The Bank Slate


Second Iowa credit union cuts dozens of jobs

Collins Community Credit Union in Cedar Rapids, Iowa, is the latest credit union to announce layoffs.

The $1.6 billion-asset credit union cut 38 positions on Oct. 6, according to published reports. Most of the cuts came in its mortgage operations.

The announcement comes weeks after GreenState Credit Union in North Liberty, Iowa, cut 42 positions, or about 5% of its workforce.

The $10.7 billion-asset GreenState said most of the cuts came in its mortgage lending and commercial banking operations. 

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