Aaron Passman

With lawmakers reportedly looking into NCUA’s $1 billion legal bill, some members of the NCUA board behind that arrangement say they’re unsure what exactly legislators are hoping to accomplish.

Republican members of Congress are pressing the regulator for details on the high attorney's fees it has incurred in its quest to recover losses from the corporate credit union collapse.

The auto-lending vendor’s growth comes as car loans continue to be a major growth area for credit unions, according to recent data.

Lakes Area FCU is merging into Members Cooperative CU following heavy losses over the last 18 months.

The merger, announced in early June, brings the credit union's total assets to $1.09 billion.

Various departments will be realigned or consolidated and staff will shrink by attrition in the agency’s first large-scale restructuring since 2003.

Hubert Hoosman, Jr. led Vantage for 19 years before retiring in 2012, including earning a Herb Wegner award for individual achievement.

Some credit union advocates are praising the Consumer Financial Protection Bureau for a move that exempts select institutions from certain reporting requirements, but other say the bureau must still do more.

Marshall has managed the young professional mentorship program since 2012, helping earn it a Herb Wegner award. Culp takes the reins having participated in the group's "Crash the GAC" and Filene's i3 program.

National Credit Union Administration Chairman J. Mark McWatters said dropping Consumer Financial Protection Bureau oversight of credit unions would free up CFPB resources.

In a letter to CFPB Director Richard Cordray, NCUA Chairman Mark McWatters said dropping CFPB oversight of credit unions would free up CFPB resources to better police larger, for-profit institutions, while also extending a hand for a potential partnership.

CU trade group credits the senator with a history of supporting community-based financial institutions.

Musicians’ Interguild CU will merge with SAG-AFTRA FCU

New and used auto lending broke records, while HELOCs and second mortgages reached levels not seen since 2012.

Lansing, Mich. is working with area financial institutions -- including a local credit union -- to open accounts for people coming out of prison.

Now that the Wells Fargo scandal has largely receded from the headlines, is there still a business opportunity there for credit unions? Are there new lessons to be learned?

Natasha Merz, VP of commercial lending at Langley FCU, testified before a House small business subcommittee on ways Congress can help credit unions and the SBA better fulfill a common mission.

The brief supporting field of membership expansion — in the face of a lawsuit by the American Bankers Association — is a sign of continued collaboration between CUNA and NAFCU.

J. Mark McWatters, now the 10^th NCUA chairman, was named acting NCUA chairman following President Trump’s inauguration.

The credit union’s new name and imagery are intended to represent financial empowerment for consumers.