Michael Bartlett

Credit unions not actively thinking about mergers are at risk of missing out, an industry expert warned at a recent conference.

With the loan-to-savings ratio at its highest point in four decades, some CUs have limited options to boost their funding.

This type of fraud could increase as criminals become more sophisticated and look for new ways to land a payday.

Sean Daly, the Middletown, R.I.-based institution's CFO, will take over as president and CEO when Ellen Ford steps down in November.

The Boulder, Colo.-based institution will now serve a dozen counties in its home state.

The Las Vegas-based institution said its income for the first half of the year was down as it put more into its loan-loss provision.

Locations with a welcoming atmosphere and the latest technology can be a key part of a credit union’s marketing strategy.

Lending at credit unions in the Peach State increased by just 0.2%, down from 0.8% growth recorded a quarter earlier.

The Michigan-based institution also recorded increases in earnings, deposits and membership.

Shelby Community has just 1,000 members and $5 million in assets and will complete the merger into 1st Liberty by the end of August.

With the industry continuing to consolidate, credit unions must address mergers in their strategic planning sessions so they are ready to be on either side of the deal when the opportunity arises.

Timothy L. Anderson, who has held C-level positions at a number of other credit unions, including Government Printing office FCU and Treasury Department FCU, has taken over following CEO Kenneth Kramer's departure.

Bruce Adams, who previously served as general counsel to Connecticut Lt. Gov. Nancy Wyman, will join the Credit Union League of Connecticut next month.

Credit unions reported gains in a number of key areas but member business lending and new auto loans took a hit as overall growth continued to slow.

The Lutherville, Md.-based credit union returned $1.25 million to members in the first half of the year, on the heels of a $2M payout last year.

The institution was formerly known as SF Police CU but can now serve law enforcement officers statewide.

The bench upheld a lower court's ruling that the plaintiff did not suffer an "injury-in-fact." Several judges previously made similar rulings.

Credit unions are slowly embracing the impact data analytics can have on the bottom line, but experts say goal-setting and measurable achievements must also be a part of the process.

As strategic planning season kicks off, credit union boards and executives must consider whether they’re doing enough to prevent evolving cybersecurity issues, including account takeovers.

The Memphis-based developer of core processing software is now majority owned by three credit unions.