Palash Ghosh

The pair subject to the regulator's March prohibition orders both pleaded guilty and were ordered to pay more than $320,000 in restitution, among other punishments.

Some institutions have benefited from revitalization in the Motor City but just as consumers fled for the suburbs decades ago, most CUs in the area are headquartered outside the city itself.

Credit unions have hired and promoted executives in member business lending, relationship management and more.

The Scarborough, Maine-based credit union also posted a more than 4 percent uptick in membership.

The Association for Black Economic Power will receive an interest-free forgivable loan and a grant from the city to help pay for a retail space and equipment for the effort.

The 14th annual California and Nevada Credit Unions for Kids Wine Auction was supported by 67 credit unions, business partners and hospitals.

Andy Reed, who currently leads Texas People Federal Credit Union, will become president and CEO of the Dallas-based institution in May.

Incenta Federal Credit Union in Englewood, Ohio, will merge into Pathways Financial in Columbus next week.

James Mears has served as COO of the Newport News, Va.-based institution for 15 years.

The Tacoma, Wash.-based Sound touted the deal as the first time a credit union bought a bank in the state of Washington.

Low unemployment and the promise of millions of new jobs have some in the industry seeing a chance to increase membership and lending in the Lone Star State.

Members of Credit Union South, which has lost money during the past five years, voted to approve the merger.

Alan Bergstrom previously served as chief marketing officer for a Wisconsin credit union before taking over at Exclamation Services.

Rising waters in the Cornhusker State have already caused in excess of $1 billion in damages.

The credit union saw a 50 percent increase in mortgage originations, which helped spur a significant spike in net income last year.

Credit unions clinging to an outdated name that no longer reflects the institution's current field of membership could be doing themselves more harm than good, experts say. But it's a fine line between honoring the past and preparing for tomorrow.

The $1.2 billion-asset institution has issued rewards payouts for nearly 40 years, but returns have gone down in each of the last few years.

The latest Credit Union Trends Report from CUNA Mutual shows CUs serving more consumers even as the industry continues to contract.

Events at local breweries can be a fun way to educate younger members about getting their first mortgage but credit unions must walk a fine line at such events.

The Saginaw, Mich.-based institution has yet to reveal the new name, though management indicated that it won't include a religious reference.