Michael Bartlett

The National Credit Union Administration approved a rule expanding institutions' access to nonmember deposits, but observers say it's unlikely to lead to a massive influx of new funding – at least for now.  

Whitefish Credit Union has surpassed $1.5 billion in total assets thanks to growth in consumer loans brought on by an increased digital marketing presence.

Three Rivers Credit Union in Bainbridge, Ga., and DOCO Credit Union in Albany, Ga., are expected to operate independently once the transactions are completed.

The Las Vegas-based institution reported that its net interest margin rose during the third quarter of 2019 as consumer loan balances increased.

The former credit union employees are now banned from working at federally insured institutions.

The Tucson, Ariz.-based institution's vice chairman, Frank Trembulak, has served as interim CEO after Robert Ramirez retired earlier this year.

Michael DeShazo has been serving as interim leader of the San Diego-based institution since the previous CEO left in June.

A special committee in the state Senate has recommended not to move forward on a proposed bill to tax credit unions above a certain asset threshold.

The transaction will expand the CUSO's reach to nearly 1,200 credit unions.

The complaint alleges the lead plaintiff was charged two separate fees for the same transaction and she didn't have sufficient funds.

FCUs are regaining their appeal given the resources NCUA has put into helping de novos and the potential for expanded fields of membership.

PSCU also found in its second-annual payments study that Americans were turning to debit cards over credit cards.

The retailer and credit card giant are rolling out two new card offerings. The move could hit especially close to home for CUs with branches inside Walmart locations.

Northern California utility company PG&E recently shut off power to more than 2 million consumers, meaning some insitutions had to move quickly to minimize the outages' impact on operations.

Prosecutors allege that Sylvia Ash, a judge in Brooklyn, N.Y., helped Kam Wong, the former CEO of Municipal, cover up his fraud scheme.

At a national level, loan growth has been on the decline for months and could still get worse. Here's how some credit unions are tackling the issue.

The deal was announced in August and would have created a $1.3 billion-asset institution.

Maine Harvest Federal Credit Union, which will serve farmers and the food industry, opened this week and aims to make $12 million in loans over the next six years.

One bill would tax credit unions in the Sunflower State with at least $100 million in assets.

The merger of Bi-County PTC Federal Credit Union into BlueOx is expected to be completed on Jan. 1.