Michael Bartlett

Fiscal Credit Union, Glendale, Calif., on Tuesday said its board of directors is pursuing a merger with UNIFY Financial Federal Credit Union, Torrance, Calif.

The budget proposal was released less than two weeks before the agency's first public budget hearing since 2008 and drew immediate criticisms from the CU trade associations.

The Futurestep division at Korn Ferry, an organizational advisory firm, said it is establishing a dedicated Credit Union and Community Banking Recruiting practice area.

The Klamath Falls, Ore.-based CU said Olney, a native of Southern Oregon, is a graduate of George Fox University and the Atkinson Graduate School of Management at Willamette University.

Having literally written the book on how financial institutions can providing banking services to the legal marijuana industry, Partner Colorado CU CEO Sundie Seefried shares her insights with CU Journal.

The itinerary for the meeting of Kroger-affiliated credit unions seemed straightforward enough – a few speakers, some light refreshments and, wait…a tour of a legal marijuana dispensary?

Ballot initiatives in several states – along with growth projections in states where marijuana is already legal – could shift opinions on how to regulate banking services for the industry.

Tacoma, Wash.-based grant-writing firm CU Strategic Planning said eight of its clients were awarded nearly $13 million in the latest round of grants from the U.S. Department of the Treasury's Community Development Financial Institutions Fund.

More CDCUs received grant funding this year, but the overall total awarded to credit unions was down slightly from 2015.

The National Credit Union Administration on Tuesday said it will receive $1.1 billion to settle legal claims against Royal Bank of Scotland related to the sale of faulty mortgage-backed securities to two corporate credit unions.

Credit union regulators from 30 jurisdictions around the world have registered an independent association called the International Credit Union Regulators' Network.

Streamlining quarterly reporting is part of NCUA Chairman Rick Metsger's ongoing efforts at "Continual Quality Improvement," but trade associations say the regulator should go further.

Calling this moment in time financial services' "Uber moment," the National Credit Union Administration said the combination of technological innovation, expansion of social media and growing interconnectivity are giving regulators pause about credit unions' cybersecurity efforts.

Financial services technology provider Fiserv on Wednesday doubled down on its support of the credit union movement, as the company pledged its support to the America's Credit Union Museum Legacy Campaign and to the Filene Research Institute for one of its Centers of Excellence.

Strategic Resource Management (SRM) said it has launched a consulting focus area dedicated to helping credit unions and banks capture maximum benefit from vendor contracts during and after a merger or acquisition.

Member Driven Technologies on Monday announced the addition of MEA Financial to its partnership program, and with it a text-based offering known as "Text Concierge by MEA" that will bring a "new and convenient touchpoint" for member service to all MDT clients.

Merger will be finalized on Oct.1, after being in the works for nearly a year.

Initiative gives high school students on-the-job vocational training.

State-chartered CUs now have full voting rights with the trade group – something that was formerly only open to federally chartered credit unions.

The Credit Union National Association on Wednesday released the 2016-2017 CUNA Staff Salary Report, which the trade group says provides "exhaustive" data on compensation trends for credit unions across the country.