Palash Ghosh

Even as some expect the debate over the Consumer Financial Protection Bureau's proposed rule aimed at curbing predatory payday lending to heat up, one possible credit union-based solution is picking up steam.

The National Association of Federal Credit Unions (NAFCU) announced the death of its former chairman, Jim Mills.

2016 was another year of record growth for credit unions, but with several interest rate increases expected next year and inflation on the rise, will the good times keep rolling?

North Jersey Federal Credit Union announced that it has become the first credit union in the Garden State to become an official “Juntos Avanzamos” credit union as recognized by the National Federation of Community Development Credit Unions (Federation).

David Cibulka steps aside having led the credit union for the past 36 years.

The credit union has assets of just $56,000, and lost more than $2,000 during the first three quarters of 2016.

A number of credit unions have already begun to raise their minimum wage – in some cases doubling the federal minimum – but it remains to be seen if legislative action or market pressures spread the trend more widely.

Farley led the Virginia league for more than 30 years

The credit union also implemented Fiserv’s “Mobiliti” for mobile banking and PopMoney for P2P payments.

The $15.7 billion-asset credit union gained 20,000 new members in the six-month period after it shed a $5 minimum-balance requirement on share accounts.