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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Members of NW Iowa Credit Union soundly rejected merging into Siouxland Federal Credit Union. The pandemic could lead to more unexpected results.
July 7 -
The $338 million-asset institution already serves more than 3,000 members in the county who were able to join through affiliations with Harford County.
July 6 -
Heritage Trust Federal Credit Union will buy the bank's deposits and assume its liabilities.
July 2 -
The credit union has agreed to buy Elberfeld State Bank, broadening its reach in the Evansville, Ind., market.
July 2 -
The report from the regulator offers an industry-wide look at how credit unions have fared during the pandemic. Since the outbreak worsened in April and into May, credit quality could possibly worsen while earnings may sag even further.
July 2 -
The credit union regulator has not yet announced an agenda, but the meeting could potentially include mattes related to field of membership and risk-based net worth.
July 1 -
In spite of the pandemic, the Columbus, Ohio-based corporate credit union was able to return the funds to some owners on the strength of strong earnings through the firs two quarters.
July 1 -
The Consumer Financial Protection Bureau's leadership structure could be set for a revamp, but there may be political reasons for both parties to maintain the status quo. Either option could prove problematic for the industry.
July 1 -
The industry claimed victory over banks as the Supreme Court elected not to hear a challenge to a controversial 2016 rule, but the landscape has shifted dramatically since NCUA approved the measure.
June 30 -
The court's decision not to consider an appeal from the American Bankers Association is likely to be the last step in a legal saga dating back to 2016.
June 29 -
A recent blog post argues that the industry must get ready for the possibility of the Federal Reserve lowering rates below zero.
June 26 -
M.J. Neusneger joined the credit union as chief financial officer in May 2019 before being appointed interim CEO five months later.
June 26 -
The Philadelphia-based credit union crossed the $3 billion-asset threshold despite a drop in first-quarter earnings.
June 25 -
With most major industry events cancelled or moved online for the remainder of the year, it's unclear whether a retooled format can replicate the education and networking many in the movement have come to expect.
June 25 -
The outbreak has completely upended whatever expectations the industry had heading into 2020. Here's key areas that have been shaped by the pandemic, some potentially forever.
June 24 -
Craig Leonard, who has spent a decade at Harvard University Employees Credit Union, will take the helm in July following longtime CEO Gene Foley's retirement.
June 22 -
Sen. Deb Fischer, R-Neb., has introduced a bill that would convert the bureau's leadership to a five-person bipartisan commission. Similar legislation was introduced in the House in March.
June 18 -
A proposal from the credit union regulator was criticized for being needlessly complex and not requiring enough transparency.
June 18 -
Speaking during the CUSO's virtual Member Forum, PSCU CEO Chuck Fagan noted that some data shows the economy may be beginning to rebound from the coronavirus, but some sectors are still struggling.
June 16 -
A new study shows 60% of adult children whose mother or father are credit union members do not belong to the same institution as their parents.
June 16
