Michael Bartlett

MADISON, Wis. – Compensation for credit union boards of directors divides many in the CU movement – it was part of an extensive CU Journal Special Report last year and a study from Filene Research Institute earlier this year added to the conversation about this complex issue.

NCUA on Friday liquidated Bethex Federal Credit Union, based here, exactly three months after the regulator placed the troubled CU into conservatorship.

YUMA, Ariz. — A.E.A. Federal Credit Union, based here, once again is under the control of its members after five years of conservatorship, NCUA said Friday.

GRAND RAPIDS, Mich. — Xtend, Inc., a CUSO that supplies managerial, operational, marketing, technical planning and consulting services for credit unions, on Thursday said South Bay CU, Redondo Beach, Calif., is its newest credit union stakeholder.

MIDLAND, Mich. — Dow Chemical Employees' Credit Union on Thursday said it will set a new record with its Member Giveback Rebates and Rewards for 2015.

TILA/RESPA Integrated Disclosures, less affectionately known by mortgage providers as TRID, represented a sea change for the home loan industry. The new disclosures were mandated by the Consumer Financial Protection Bureau to "streamline" the home loan experience for consumers, but they resulted in a great deal of extra effort by credit unions and their vendor partners.

Two New Mexico credit unions became the first credit unions in the state to earn the “Juntos Avanzamos” designation.

Auto Financial Group (AFG), a provider of financing products for credit unions and banks, said its year-to-date growth figures show increasing momentum in new customer signings for AFG’s balloon lending and remarketing programs.

LINO LAKES, Minn. — Core processing provider Sharetec System, based here, said Stepping Stones Community Federal Credit Union in Wilmington, Del., has converted to the Sharetec Core system.

NCUA on Thursday said it has reached a settlement with Morgan Stanley, as the company agreed to pay $225 million to resolve claims arising from losses related to corporate credit unions’ purchases of faulty residential mortgage-backed securities (RMBS).

After more than a year of debate, the trade association is amending its bylaws that required credit unions to belong to both CUNA and their respective state leagues. Credit Union Journal offers a look at how the debate finally got to this point.

In dramatic move, trade group says it will draft new bylaws and present to membership in early 2016.

COLUMBUS, Ohio — The first day of 2016 will be the first day Jeff Carpenter is president and CEO of $260 million CME Federal Credit Union, as current chief executive Jim Riederer will retire on Dec. 31.

Bob Fouch, president and CEO of Corporate Central Credit Union for 25 years, announced his retirement Thursday.

CU*NorthWest on Tuesday said two more credit unions have signed with the CUSO for their core processing needs: Northern Colorado Federal Credit Union, Greeley, Colo., and Comunidad Latina Federal Credit Union, Santa Ana, Calif.

Rock Valley Credit Union has selected Symitar EASE, the outsourced delivery model of the Episys core processing system.

Should NCUA be required to hold public hearings prior to approval of its final budget? That is the key question as the House Financial Services Committee prepares to consider a bill for markup on Tuesday.

Scott Credit Union declared a bonus dividend and loan interest rebate, giving back more than $1.3 million to its members.

Millennial Vision Inc. (MVi), supplier of Laserfiche Enterprise Content Management (ECM) solutions to the credit union industry, on Monday said it has signed seven new CUs through November.

Wednesday’s mass shooting at a county facility that serves people with developmental disabilities hit very close to home for two local credit unions.