Eric Guldenstern

The national credit union trade associations have joined with unlikely partners as co-signers on a letter that calls out the U.S. Department of Housing and Urban Development (HUD) over lending issues.

Congress and CU trade groups have questioned the CFPB on its interpretation of the Dodd-Frank Act's exemption authority, claiming the regulations have increased unnecessary burdens on credit unions and restricted services for consumers. The CFPB has fired back, stating the issue was addressed when Dodd-Frank was passed six years ago.

Industry trade groups react to call report modernization proposal and the CFPB posts a public comment request regarding TRID changes.

Las Vegas-based Silver State Schools Credit Union released its second quarter financial results for 2016. These results mark the credit union’s 17th consecutive quarter of growth following the financial crisis and Great Recession.

Tucson, Ariz.-based Hughes FCU recently announced the 100,000 Thanks Sweepstakes to celebrate the credit union's 100,000th member.

TransUnion recently polled 96 credit union executives to rank the top areas of growth, focus and opportunity within the industry. Results focused heavily on millennials, auto loans, mortgages and credit cards.

The National Credit Union Administration’s Office of Small Credit Union Initiatives (OSCUI) has released guidebook to assist credit unions meet the demand for digital services.

This week marks the end of the comment period regarding the NCUA's regulatory review process for 2016. Also due for comment this week are various information-collection procedures by regulators, as well as the Consumer Financial Protection Bureau's annual privacy notice rule.

Advantage Federal Credit Union has converted to a Michigan state charter to expand its community field of membership to serve additional areas in the state. The change comes with a new name – Advantage One Credit Union.

Though some in the industry are focused on adapting to a changing marketplace; concerns related to technology, revenue streams, regulatory burdens and new memberships are on the minds of executives and board members.

Former U.S. Rep. Steve LaTourette, original co-author of the Credit Union Membership Access Act, passed away on Wednesday night after battling pancreatic cancer. He was 62.

CFPB TRID changes, NCUA comment request on information collection activities and a focus on regulatory relief for CUs during the legislative recess are all on the agenda for the industry this week.

Portsmouth, N.H.-based Northeast CU and Ocean Communities FCU of Biddeford, Maine, announced a planned merger pending approval from the NCUA, the New Hampshire Banking Department and the membership of both institutions.

Briarwood, N.Y.-based Melrose Credit Union has announced the appointment of Steven Krauser as interim CEO after the $1.9 billion credit union fired previous CEO Alan Kaufman, who held the position while the CU’s investments in taxi medallion loans hit worrying levels of delinquency.

SIU credit union announced Mike Lantrip as the new President/CEO of the $320 million CU effective Aug. 1. Lantrip replaces interim President/CEO William S. Capie.

Edgeley, N.D.-based Dakota Plains Credit Union announced it has adopted the XP2 integrated technology suite from Fiserv, Inc.

Despite being warmly received by the industry, the nomination joins a long list of presidential appointments that are being help up in the Senate.

League seeks to capture untapped markets, raise awareness and increase growth through various tools to assist member CUs.

A new report by credit information giant TransUnion also finds that as auto loan terms lengthen, the less likely consumers are to complete their loans to term.

REDDING, Calif. — Members 1st CU has released a new website that it says improves functionality, content and also includes an "intuitive" navigation system.