Palash Ghosh

Legal fees for lawsuits against the banks and securities firms that sold the faulty mortgage-backed securities that led to the corporate credit union meltdown have eaten up more than 20% of total recoveries.

Credit unions may not face significant competition from Goldman Sachs’ entrance into consumer lending, but analysts say it should serve as a wake-up call for how CUs market personal loan products.

Credit unions face a new competitor for personal loans, but observers are confident that Goldman Sachs' name recognition is no match for the trust members have in CUs.

With implementation of a new IRS rule just weeks away, a group of seven financial trade groups, including Credit Union National Association (CUNA) and National Association of Federal Credit Unions (NAFCU), wrote a joint letter to the head of the IRS saying the rule could harm their members' mortgage lending activities.

The first-ever week-long celebration of credit unions in the Nutmeg State is timed to coincide with International Credit Union Day.

Credit unions in Maine surpassed $7 billion in assets for the first time ever and reported membership gains even as the state’s population levels off.

A $28.5 million fine won’t have much impact on the world’s largest credit union, but observers say that being disciplined by the Consumer Financial Protection Bureau could be a bellwether for further enforcement actions from the embattled agency.

The latest Filene study is the first research report to emerge from the "think and do" tank's Center for Consumer Decision Making.

The storm claimed at least 33 lives, though credit unions appear to have not suffered much — if any — significant damage.

The Jackson, Mich.-based credit union says members are still reporting fraudulent activity on reissued cards, even though the fast food chain says it has solved the malware issue that led to the data breach.

Heartland Credit Union, Hutchinson, Kan., announced Dan Springer has been selected as its next president and CEO, effective Oct. 10, to succeed Garth Strand who is retiring after a 36-year career with the CU.

Awards for outstanding program and outstanding individual achievement to be presented in Washington during CUNA’s 2017 GAC.

Several southeastern CUs have already closed or are planning closures as the storm approaches.

NCUA Chairman Rick Metsger has requested that the CFPB exclude all payday alternative loan products from the Bureau’s upcoming payday lending rule – a move cheered by both CUNA and NAFCU, who assailed the CFPB for continuing to increase the compliance burden CUs face.

The Idaho Credit Union League (ICUL) announced that its president and CEO Kathy Thomson will retire in January 2017.

Marcus Rhymer, a 15-year veteran of the credit union, takes over for retiring CEO Brad Rustin.

There are a variety of opinions on how CUs can best position themselves to capitalize on the Wells Fargo scandal, but one thing is clear: the time to do so is now.

Boeing Employees Credit Union (BECU), a $15-billion institution based in Tukwila, Wash., announced that industry veteran Parker Cann will retire at the end of this year.

The national CU trade associations and state leagues all have differing methods of how they distribute their political fundraising dollars, but all agreed that any candidate that supports credit unions is a candidate worth supporting.

More than 50% of millennials can't distinguish between CUs and banks, indicating that credit unions still face a significant awareness gap with younger consumers.