Michael Bartlett

WASHINGTON — XCEL Federal Credit Union, Bloomfield, N.J., and Michigan State University FCU, East Lansing, Mich., took top honors as the National Association of Federal Credit Unions named the winners of its 2014 Annual Awards.

The Director of the Michigan Department of Insurance and Financial Services on Friday placed Detroit's Health One Credit Union into conservatorship due to the "recent discovery of unsafe and unsound practices."

There are two basic ways to boost the bottom line: increase profit, decrease expenses.

WASHINGTON — After three regulatory relief bills sailed through the U.S. House of Representatives last week — two of which were written specifically for credit unions — industry insiders are cautiously optimistic.

PARSIPPANY, N.J. — Tiny Essex Division Telephone Federal Credit Union of Maplewood, N.J., with just $8.4 million in assets, is merging into $292 million Garden Savings Federal Credit Union, headquartered here, effective May 31.

GLENDALE, Calif. — When it was time to remodel its branch here earlier this year, Los Angeles Federal Credit Union installed touch screen and other technology to up its cool quotient.

WASHINGTON – It was a big day for credit unions on Capitol Hill Tuesday, as three bills that aim to give CUs some long-sought regulatory relief passed the House of Representatives.

ARLINGTON, Va. — Brenda Turner has retired after 22 years as president and CEO of Arlington Community Federal Credit Union.

LAS VEGAS — Silver State Schools Credit Union continued its remarkable turnaround in the first quarter, posting $2.5 million in net income as it reported "steady progress."

WASHINGTON — As a bill that could bring monumental changes to Fannie Mae and Freddie Mac works its way through the Senate, some credit union executives are concerned that larger players would have too many advantages at the expense of small lenders.

WASHINGTON — The indications from Congress are clear: there will be reforms made to the secondary mortgage system that long has relied on government-sponsored enterprises Fannie Mae and Freddie Mac — but the $9.4-trillion question is: what will the new system look like?

Altura Credit Union reported $3 million in net income during the first quarter of 2014, marking 12 straight quarters of positive earnings, as its assets climbed to $730 million.

Following Microsoft's announcement that a security flaw in its widely used Internet Explorer browser could put online banking users at risk, credit unions are scrambling to ensure that their IT systems are protected.

In yet another proposed merger of a small credit union into a larger one, $69 million EDTECH FCU's board of directors has voted unanimously to merge with $584 million Horizon Credit Union.

Silver State Schools Credit Union continued its remarkable turnaround in the first quarter, posting $2.5 million in net income as it reported "steady progress."

Memo to credit unions that thought they were safe from the Heartbleed vulnerability because they don't use OpenSSL: Think again, say experts.

ALEXANDRIA, Va. – After months of negative comment letters from credit union trade groups, NCUA is expected to impose a final rule on capital planning and stress testing at its board meeting April 24.

Another small credit union says it is looking to merge due to increased regulatory burdens, as $26.8 million Santa Cruz County Employees CU, Santa Cruz, Calif., has entered into a merger agreement with $704 million Bay FCU.

DES MOINES, Iowa — Momentum is building for debit EMV as the SHAZAM Network and Visa Inc. announced an agreement Wednesday to enable issuers to use Visa's common debit application identifier (AID) for Visa- and SHAZAM-branded cards and transactions.

WARREN, Mich. — Member Driven Technologies, a CUSO that supplies IT solutions to credit unions across the United States, said two CUs have signed to convert their core processing to Symitar Episys via the MDT solution.