Palash Ghosh

Credit union leaders react as state leagues begin to line up on either side of the current requirement that credit unions must belong to both CUNA and their respective state leagues—a rule that many CU executives have long bemoaned.

Heart O' Texas Federal Credit Union, a $55-million institution based in Waco, Tex., named Melissa Hagenbuch as its new president and CEO, effective Dec. 7.

Two more state leagues have come out on whether credit unions should be required to belong to both CUNA and their respective state leagues.

CO-OP Financial Services and Share One Inc. announced they are forming a partnership through which Share One’s clients will be offered an interface between its NewSolutions core processing software and CO-OP’s electronic payment services.

Despite the NCUA chairman’s insistence against extending the examination schedule, credit union advocates expressed optimism about the agency’s commitment to making the process less painful.

Lafayette Federal Credit Union, a $391-million institution based in Kensington, Md., said it plans to merge CSC Employees Federal Credit Union, a $77-million institution based in Falls Church, Va. into Lafayette FCU.

NCUA its monthly board meeting schedule for 2016.

The core processing firm scores another big credit union just one month after signing Desert Schools FCU.

Michigan CU League CEO Dave Adams says the league is making real progress on getting pro-credit union legislation through the state legislature.

The Division of Financial Services for the State of Colorado has approved an application by Sooper Credit Union to add Jefferson County, Colo., to its field of membership (FOM).

Though the financial crisis forced consumers to focus on socking money away for a rainy day, a recent study suggests that thrift effect is already fading, but credit unions are in a position to help turn that around and build member relationships in the process.

CU Direct announced that eight new credit unions have joined the company’s “Lending Insights” platform, a system that provides credit unions with analytic tools to manage risk, meet regulatory requirements, increase profitability, and optimize loan portfolio performance.

CUNA Mutual Group reports economic outlook is good news for credit unions.

ALEXANDRIA, Va. — NCUA announced it has entered into an agreement under which investment bank Barclay's Capital will pay $325 million to resolve claims arising from losses related to the purchase of faulty residential mortgage-backed securities by corporate credit unions.

Conservation Employees’ Credit Union, a $102 million institution based here, announced that Kevin Brueseke will take over as president on Oct. 19, while the credit union’s current president, Louie Delk, will stay on in a support role for a short period.

Affinity Group Credit Union announced that it has changed its name to Michigan Legacy Credit Union, effective Tuesday.

Should credit unions step into a giant breach gradually being vacated by the big banks, or is the bank pull-out a sign that CUs should do the same?

Charleston, S.C. -- A devastating “once-in-a-thousand years” storm has led to the closing of various credit union branches in the most heavily affected parts of South Carolina.

The National Credit Union Foundation announced the following winners of the 2016 Herb Wegner Memorial Awards: CU 4 Reality (recognized for Outstanding Program); and William J. Bynum, C. Alan Peppers, and Daniel F. Egan (recognized for Outstanding Individual Achievement).

The aftershocks of a white police officer's shooting of unarmed teenager Michael Brown are still being felt across the nation, and three credit unions are committed to helping rebuild this community.