Palash Ghosh

Hanscom Federal Credit Union announced that it will pay out a “loyalty dividend” to members that will return 2% of most consumer loan finance charges as well as 2% on dividends earned on savings.

Menominee County Federal Credit Union said it will change its name to Integra First Federal Credit Union, effective Friday.

Peggy J. Bosma-LaMascus, president and CEO of Patriot Federal Credit Union, announced that she will retire after a 34-year career at the credit union.

Cornerstone Credit Union League (CCUL) said its president and CEO Richard L. Ensweiler has advised the board of directors that he will retire, effective April 30, 2017.

One of the more unusual financial crime stories of the year concerned two men who were charged with operating an illegal Bitcoin exchange through a now-shuttered New Jersey credit union.

FBI accuses two Florida men with operating illegal Bitcoin exchange through now-defunct New Jersey credit union.

NCUA approved four new credit union charters in 2015, continuing the trend of seeing just a handful of new CUs joining the ranks. As part of Credit Union Journal’s Year in Review, we recap this year’s crop of de novo charters and explore why there are so few of them.

GrooveCar Inc. announced that four more credit unions have joined its online auto buying service program.

After years of interest rates near 0%, credit unions were pleased by the Federal Reserve’s Federal Open Market Committee decision to raise the Fed Funds rate.

Filene Research Institute announced that Summit Credit Union, a $2.3-billion institution based in Madison, Wis., signed up to participate in a Filene Impact Lab program called “Larky.”

Raddon Financial Group, a provider of financial industry research and trends data, said in 2015 it added 50 new financial institutions as clients, including 40 credit unions. The remaining 10 comprised seven banks and three other institutions.

Municipal Employees Credit Union Of Baltimore (MECU), a $1.2-billion institution based in Baltimore, Md., said its members received a loan interest rebate last week and will receive an “extraordinary dividend” at the end of this month.

Ascend Federal Credit Union, a $1.8-billion institution based in Tullahoma, Tenn., said it has issued bonus dividends and loan interest refunds totaling more than $6 million.

BROOKFIELD, Wis. — Thirteen credit unions have implemented Fiserv Inc.'s Portico core account-processing platform with integrated solutions so far this year.

LA CROSSE, Wis. -- Marine Credit Union announced Monday that it has completed its merger with United Service Community Credit Union.

Citing rising compliance costs and regulatory burdens, some federally insured credit unions, state leagues and trade groups have been asking the National Credit Union Administration to increase the time between CU examinations.

KINGSPORT, TENN. — Eastman Credit Union announced over the weekend that it will issue a $10 million extraordinary dividend to members as a reward for doing business with the CU.

Peoria, Ill. – Citizens Equity First Credit Union (CEFCU), a $5.2-billion institution based in Peoria, Ill., said its board of directors has issued a $40 million “extraordinary dividend” to its members for the second consecutive year.

The credit union industry as a whole continues its streak of strong quarterly results, but the “great divide” between large and small CUs still exists.

Now that the state House of Representatives has passed the legislation, all eyes turn to the state Senate, where the Michigan CU League expects to find strong support for the modernization effort.