Aaron Passman is editor of Credit Union Journal, the nation’s leading credit union news resource. He was appointed editor in 2018 after two years as an assistant editor at CUJ and nearly five years as a reporter there. He has worked as a staff writer or freelancer for a variety of publications across the country and is a graduate of the University of Kansas.
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Many in the industry support the National Credit Union Administration’s attempts to streamline regulations governing corporate credit unions, but critics claimed some elements could make it tougher to compete with fintechs.
July 30 -
Like many other institutions, the South Florida-based credit union had reopened its locations after restricting member access from March to May while much of the nation was in lockdown.
July 27 -
The bill, backed by the New York Credit Union Association, has cleared the Senate, but a companion bill is stuck in committee in the Assembly.
July 27 -
Credit Union of Texas, based near Dallas, is believed to be one of the first in the industry to debut this perk.
July 24 -
A new study from WalletHub finds nealry 40% of parents are planning to spend less in advance of the upcoming academic year.
July 23 -
The company reported growth of more than 103% since the end of last year.
July 22 -
United Methodist Federal Credit Union is set to become Interfaith Credit Union. It is also planning to absorb a small South Dakota-based institution with a similar field of membership.
July 20 -
The Louisville, Ky.-based credit union has been open to consumers in nine counties across two states since 2004, but the new name is intended to prevent confusion about who is eligible to join.
July 17 -
The case stemmed from the credit union's claims that the bank's branding would create confusion among consumers.
July 16 -
Primary races in Alabama, Maine and Texas resulted in victories for candidates with support from the Credit Union Legislative Action Fund.
July 15 -
The credit union regulator revised its summary of what examiners will focus on to reflect legal and regulatory changes that have taken place since the COVID-19 outbreak began.
July 15 -
The two institutions are part of the continuing trend of federally chartered credit unions converting to state charters in a push for greater flexibility and membership growth.
July 15 -
The Boulder-based institution can now serve consumers across 16 different counties, or more than 88% of the state's population.
July 14 -
The event is the last major credit union conference for the year to be moved to a virtual format due to the coronavirus.
July 14 -
A deal to merge Riverset CU into Allegant Community FCU will create the third-largest credit union in western Pennsylvania.
July 13 -
Center Parc Credit Union, which will operate as a unit of Atlanta Postal, is set to open a pair of Walmart branches this year and a free-standing facility in 2021.
July 10 -
The National Credit Union Administration's first-quarter look at credit union performance by state includes several metrics where the industry did not fare well.
July 10 -
Among other changes, the law allows state regulators to accept NCUA examination results in lieu of exams from local regulators.
July 9 -
A report from the trade group shows that state-chartered credit unions saw greater first-quarter membership gains than their federal counterparts and posted lower rates of consolidation.
July 8 -
President and CEO Patty Idol will retire later this year and will be succeeded by EVP Amy Woody. Both have been with the credit union sine 1985.
July 8
