Palash Ghosh

ALEXANDRIA, Va. — NCUA Chairman Debbie Matz said the agency will formally invite credit union stakeholders and the public to comment on the methodologies for calculating both the overhead transfer rate and the federal credit union operating fee.

To understand this massive storm's impact, said Mississippi CU Association CEO Charles Elliott, "you must comprehend that people lost their past, their present and their future. For some, there was no evidence they ever existed."

NCUA announced it has approved a charter for Redeemer Federal Credit Union, making it the fourth new federally chartered credit union of 2015.

TUSCALOOSA, Ala. — At least one person wasn't surprised by the Alabama Credit Union Administration's decision to conserve Alabama One CU: its former CEO.

Ten years after Hurricane Katrina wreaked havoc along the Gulf Coast, many credit unions in the area appear to have rebounded, having learned some painful lessons along the way.

ALEXANDRIA, Va. — NCUA will host an upcoming 90-minute webinar for credit unions that are considering participation lending.

Indictments are still pending in the case of an alleged Bitcoin money laundering scheme involving a tiny low-income credit union in New Jersey.

Though one of the defendants in the case appeared in a federal court in New York earlier this week, no pleas have been entered in the illegal Bitcoin exchange with ties to a small, low-income CU in New Jersey.

Lending Solutions Inc. reported it set a new record for the number of loan applications processed in July.

Credit unions are growing their mortgages and auto loans at a faster rate than the competition, according to a TransUnion survey.

The trade group representing state regulators and state-chartered CUs is pressing NCUA for more details on why the agency believes OTR shouldn't be subject to public notice and comment.

The Credit Union League of Connecticut (CULCT) has unveiled a new "consumer-focused" brand to increase CU awareness through a new website: www.ctcreditunions.org.

From upgrading technology and delivery channels to attracting and retaining the best talent, experts offer key areas that must be addressed if a credit union wants to continue to grow.

Metrum Community Credit Union, a $60-million institution based in Centennial, Colo., announced that its application for a community charter was approved by the board of the Colorado Division of Financial Services.

Intuvo, a division of CU Direct that provides marketing automation software to the credit union industry, announced that it has entered into new partnership agreements with four credit unions.

NCUA announced that New Bethel Federal Credit Union of Portsmouth, Va., was voluntarily liquidated. The decision was made after "determining the credit union was unable to restore viable operations."

As the pace of new government regulations continues unabated, an increasing number of CUs are looking to outsource their compliance operations to third-party vendors to cut costs, paperwork and man-hours. Here's what to consider.

Summit Credit Union of Madison, Wisconsin announced that it has completed its merger with Educational Employees Credit Union (EECU) of Janesville, Wis.

NCUA issued four prohibition orders in July banning individuals from participating in the affairs of any federally insured financial institution.

Three states don't allow state charters and two offer the option, but there are no takers. CU Journal explores why state charters never took off in these five states, and whether that might change.