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Credit unions reopening slowly as Anchorage cleans up after earthquake
Many credit unions have resumed normal operations, but some institutions locations in nearby Eagle River, closer to the epicenter, need more recovery time.
Categories: Credit Union News
Wright-Patt Credit Union to dish out $8.6 million dividend to members
This will be the 10th consecutive special patronage dividend that the Ohio institution has paid out to members.
Categories: Credit Union News
Mulvaney's misfire: CFPB name change could cost industry millions of dollars
An internal agency analysis says changing the name of the bureau to the BCFP, as Mulvaney wants, could cost banks, credit unions and mortgage firms $300 million. It doesn’t have to be this way.
Categories: Credit Union News
Alaska's Credit Union 1 to serve legal marijuana businesses
The Anchorage-based institution said its decision to enter the pot banking space was driven partly by public-safety concerns in a cash-based industry.
Categories: Credit Union News
Ent Credit Union pays $11M in rewards program
Members received payouts ranging from $10 to $250 per activity based on how they transact with the Colorado Springs-based institution.
Categories: Credit Union News
Waters likely to raise affordable housing’s profile in GSE debate
The Democrat, who will likely head the Financial Services Committee, has signaled she'll make expanded housing opportunities for lower-income consumers a top priority.
Categories: Credit Union News
In a twist, bankers poaching credit union execs to fill voids
Credit unions have hired executives away from banks for years. Now banks are returning the favor.
Categories: Credit Union News
Helping pay for college: Credit unions in the community
Credit unions across the country continue to provide scholarships for college-bound students as part of their corporate philanthropy activities.
Categories: Credit Union News
Week ahead: A planned government shutdown – and maybe another to come
Hearings of interest to credit unions have been postponed as the government prepares to close for a day of mourning following the death of President George H.W. Bush.
Categories: Credit Union News
Agencies push banks, CUs to use AI, other means to fight launderers
The National Credit Union Administration and other federal regulators said in a joint statement that they will take an institution's level of innovation into account in supervising its anti-money-laundering procedures.
Categories: Credit Union News
Michigan credit union to buy bank branch
Citizens Community Bancorp is selling its Rochester Hills, Mich., office to Lake Michigan Credit Union.
Categories: Credit Union News
San Diego County Credit Union boosts earnings as expenses rise
The credit union also reported increases in loans and membership.
Categories: Credit Union News
The one banking bill Congress might actually pass next term
The financial industry is not expecting movement on a lot of legislation given a divided Congress, but one measure is beginning to attract widespread attention.
Categories: Credit Union News
Credit Unions with the Most Deposits
On Jun. 30, 2018. Dollars in thousands.
Categories: Credit Union News
Educators Credit Union of Wisconsin thanks members with $3.1M dividend
The Mt. Pleasant, Wis.-based credit union has returned more than $7 million to members in the last three years.
Categories: Credit Union News
Credit unions brace for fallout from General Motors layoffs
Last week the car manufacturer said it would cut jobs and close factories. Now credit unions in the affected areas are considering how the news will affect their members and themselves.
Categories: Credit Union News
Alaska credit unions closed, assessing damage after major earthquake
Most CUs in the Anchorage area were closed Friday as residents and officials evaluated damage to facilities and infrastructure.
Categories: Credit Union News
Credit Unions with the Most Assets
On Jun. 30, 2018. Dollars in thousands.
Categories: Credit Union News
NCUA issues November prohibitions
The federal regulator issued bans related to theft and other charges.
Categories: Credit Union News
Cooperative Credit Union Association names interim CEO
Bernie Winne has been named temporary leader as the trade group searches for a successor to Paul Gentile.
Categories: Credit Union News
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