Aaron Passman

Cape Breton CU was created as a result of two CUs joining forces. The new institution currently serves approximately 5,800 members.

Willard will replace retiring CEO Dick Ensweiler, who has more than 50 years of experience in the credit union movement.

CUNA and NAFCU are pushing for massive changes to the Consumer Financial Protection Bureau in 2017, along with reg reform and protecting recent changes to NCUA rules that seek to expand how credit unions do business.

Los Angeles-based Water & Power Community CU has named Barry Roach as its new president and CEO, replacing longtime leader Carl Stewart.

The two institutions will officially join forces on Jan.1, 2017, though full integration of accounts, products and services is not expected to be completed until May.

The Florida-based credit union’s new $12 minimum hourly wage will be nearly 50% higher than the state-mandated $8.10 per hour, and puts it in line with a growing number of credit unions that are bringing their pay structures closer to living-wage levels.

A tweak to the trade association’s full name will indicate its focus on all federally insured credit unions instead of just federal charters.

Several cabinet-level or advisory positions in the Trump administration have gone to executives with ties to Wall Street and for-profit banking, and observers offered a mixed forecast on how that might impact credit unions.

NCUA data analyzed by NASCUS shows state-chartered CUs now hold nearly 50% of all industry assets and are growing at a faster pace than FCUs, but there is little difference between the two charters when it comes to many key performance metrics.

Sandia Laboratory FCU in Albuquerque has returned at $10 million special dividend to members as a way to thank them for their continued support of the credit union.

Eugene Szymczak, president and CEO at Wisconsin-based Educators CU, unexpectedly died in his sleep on Dec. 4. He was 67 years old.

The unemployment rate hit levels not seen since August 2007, but one quarter of the unemployed population is “long-term unemployed.” Still, the jobs news almost guarantees that the Fed will raise rates when it meets next.

While one economist recently reminded credit unions that household incomes have finally returned to pre-recession levels, another has just released data that shows credit union business lending – a creator of U.S. jobs – is still down significantly from eight years ago.

How some credit unions are staying true to the movement's roots by promoting thrift and saving instead of spending.

A rule set to go into effect Dec. 1 would have made millions more Americans eligible for overtime pay, but many CU advocates opposed the rule out of a belief that it would increase the regulatory burden.

CUNA COO Rich Meade says there are plenty of opportunities for credit unions to work with the new president and Congress to advance regulatory reform and other priorities.

Regulator could assess premiums for the first time since 2010.

Partnering with the District of Columbia's summer youth employment program, DGE FCU boosted young membership to the point where 12% of members are under age 24.

The credit union said that teaming up with Purple Heart Homes was a natural extension of the work it already does to assist veterans.

While credit unions will be pleased to see voters reined in attempts by legislators to impose taxes on certain services CUs provide, they'll be looking for an expected legal challenge to a separate ballot measure that would prevent them from making political contributions in future.