Michael Bartlett

The Treasury Department's CDFI Fund issued nearly $32 million to credit unions this week after providing $3.5 million in technical assistance grants earlier this year.

This is the second time in five years the California-based credit union has issued a giveback, for a total of $38 million.

Delinquencies also remained at "historical low levels" through Sept. 30, according to the state's financial regulator.

The Wisconsin-based institution has returned more than $11.7 million to members over the past six years.

Member business lending growth has fluctuated in recent years but growth overall is slowing even as balances continue to rise. The long run of success could prove to be a problem when the economy finally turns south.

A similar bill was introduced into the House earlier this year and both pieces of legislation have have bipartisan support.

The industry must grapple with new risks that come with storing data in the cloud. Here's what credit union leaders need to know.

John Rhea has served as president and CEO of the Georgia-based institution for 11 years.

The credit union retains a strong net worth position and saw a nearly 5% increase in members during the first three quarters of this year.

Margaret Hunnicutt, the institution's current former CFO and currenet CEO, will retire in January and be succeeded by the credit union's current chief financial officer.

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.