Palash Ghosh

Credit unions have a dominant auto lending presence in the West, boasting as much as a 50% marketshare in some areas. Credit Union Journal explores what is driving that dominance.

The National Credit Union Administration (NCUA) issued a reminder to credit union service organizations (CUSOs) that they must register with the agency by March 31.

By a vote of more than 90%, the trade association's members supported a bylaws change that did away with obligating CUs to belong to both the national group and their respective leagues.

More loans mean more profit, but they also mean more paperwork, more underwriting and more chances for things to go wrong if the CU doesn’t have the bandwidth to handle the load.

Meridian Trust Federal Credit Union announced that it has received approval to merge with Panhandle Co-Op Federal Credit Union.

Intuvo, a company that provides marketing automation software to the credit union industry, and a division of CU Direct, announced that it has entered into new partnership agreements with Royal Credit Union and La Capitol Federal Credit Union.

KALSEE Credit Union, a $169-million institution based in Kalamazoo, Mich., announced that after an "exhaustive search," its board selected Matthew L. Lahman as its new president and CEO.

CO-OP Financial Services, a Rancho Cucamonga, Calif.-based financial technology company that provides services to credit unions, announced that two of its senior executives now have new assignments.

Banks are ditching the consumer-friendly product as regulations have reduced revenue streams from debit interchange and overdrafts.

The CUNA Technology Council awarded its "Best in Show Award" to nCino for its Bank Operation System during the CUNA Governmental Affairs Conference (GAC).

NCUA said on Friday it liquidated the Education Associations Federal Credit Union of Washington, D.C., making it the third federally-insured credit union to be closed thus far this year.

Strong growth continues, giving credit unions the opportunity to demonstrate the value they bring to their communities and the nation, but the ‘great divide’ between small and large CUs persists.

William J. Bynum, chief executive of Hope Credit Union, was the recipient of a 2016 Herb Wegner Memorial Award for Outstanding Individual Achievement from the National Credit Union Foundation.

U.S. Attorney indicts Trevon Gross; charges him with accepting more than $150,000 in bribes from operators of unlawful bitcoin exchange.

National Credit Union Administration announces the Temporary Corporate Credit Union Stabilization Fund received its seventh consecutive "clean" audit opinion.

CU*Answers announced that Generations Credit Union, an $18-million institution based in Rockford, Ill., has chosen the Grand Rapids, Mich.-based CUSO to be its new data processor.

The Houston-based institution plans to build profit into the repayment agreement for a loan, with profit replacing interest, under the model of other Muslim-based lenders.

The Houston-based institution plans to build profit into the repayment agreement for a loan, with profit replacing interest, under the model of other Muslim-based lenders.

The credit union regulator's latest recovery from legal action following the corporate credit union crisis brings total legal recoveries to more than $2.4 billion.

Mildred Mitchell-Bateman Hospital FCU is the second liquidation of the year.