Aaron Passman

SECU of Maryland has licensed Rate Reset to allow members to "reset" loan rates without going through a formal refinancing process.

NAFCU is expanding its membership to include federally insured, state-chartered credit unions, putting it directly at odds with CUNA, which had previously been the only trade representing both federally and state-chartered institutions.

According to the agency's 2014 Annual Report, NCUA failed to meet all of its targets — in some cases even losing ground — for increasing the number of females, minorities and persons with disabilities at all levels of the organization, including management.

CUs posted incremental growth in a number of fields in April, with lending, membership and other areas seeing continued increases, according to a new CUNA Mutual report.

The two main credit union trade groups, normally in lockstep on most issues, are split in their reactions to proposed legislation in Congress that calls for a delay to study NCUA's proposed risk-based capital rule.

To reach more younger members, First Capital FCU sent an area high school student to prom — paying for her tickets, limo and more — in the culmination of an academic year that included the launch of its Youth Financial Advisory Board for high school students.

As new data continues to be released on how financial institutions can best position themselves to attract the millennial market, a recent study from Saylent found that members of Generation Y place a high importance on being able to manage their own money.

NCUA plans to propose new data security rules for credit unions that would include requiring encryption or password protection for sensitive member data during examinations.

Actors FCU executive says CU made FinCEN's list for one simple reason: it was doing exactly what it was supposed to do.

High school graduation is both a rite of spring and a rite of passage — but it's also a key time to be reaching out to these new adults, many of whom will be opening their first checking account. Learn how three credit unions are using everything from sweet treats to sarcasm to appeal to the next generation of credit union members.

Given the small number of CUs cited and the fact none were actually accused of any wrongdoing, it would be easy to shrug off the recent ruckus about FinCEN's report on potential anti-money laundering problems at credit unions. But that would be a mistake.

HAUPPAUGE, N.Y. — Hudson Valley FCU here has launched a new brand to better reflect the credit union's connection to consumers and businesses it serves throughout upstate New York.

ElecTel Cooperative FCU here celebrated National Donut Day Friday with a "Hot Loans Now" promotion for personal loans that pulled in more than $560,000. Rates started at 1.99% for one year, 2.99% for two years and 3.99% for three years, and the credit union did not put a cap on how much members are eligible for.

MOUNTAIN VIEW, Calif. — Credit unions may want to step up their EMV education efforts toward their small business members.

In the wake of a report that the Financial Crimes Enforcement Network has identified more than 50 credit unions at risk of serving as a conduit for money laundering activities, the CU trades and regulators alike were scrambling to respond to what the NCUA suggested could be a "regulatory blind spot."

SEATTLE — If you don't know the meaning of the word "verity," that may change soon, thanks to a campaign from Verity CU here that uses local bands and artists to boost brand awareness at the $454 million credit union.

In the wake of a report that the Financial Crimes Enforcement Network (FinCEN) has identified more than 50 credit unions at risk of serving as a conduit for money laundering activities, the CU trades and regulators alike were scrambling to respond to what NCUA suggested could be a “regulatory blind spot.”

Serving a single sponsor that is, itself, legendary for its customer service — and scattered all across the U.S. — means Nordstrom FCU has to be at the top of its game.

ALEXANDRIA, Va. — Credit union income sources shifted from investments back to loans during Q1, according to a new report from NCUA, with loans up by nearly 11% year-over-year.

One year after hitting the 100-million member mark, savings at credit unions have surpassed $1 trillion for the first time in history.