Palash Ghosh

Credit unions serving federal employees are now on heightened alert following revelations of a huge data breach at the U.S. Office of Personnel Management (OPM).

The Illinois Credit Union League (ICUL) and its CUSO subsidiary, ICUL Service Corp. (LSC), said they have named Tom Kane as president and CEO, effective immediately.

CHICAGO — The Chicago Patrolmen's Federal Credit Union has added about 1,600 new members so far this year — but many of them are not from the Windy City, or even anywhere in Illinois.

A massive hacking at the U.S. Office of Personnel Management (OPM) that breached identification data of an estimated 4 million current and former federal government workers, "may include" some current and former NCUA employees, the agency said.

The CUNA HR & Organizational Development Council has unveiled a white paper outlining steps to creating a robust internal communication strategy.

STATESBORO, Ga. — CORE Credit Union announced Robert "Bob" Clampett has been named president and CEO of the $64-million institution here.

The rate of small business loan approvals have remained largely stagnant — and at historically low rates — over the past year at credit unions, while such rates have been gradually edging upwards at the big banks, according to the Biz2Credit Small Business Lending Index, a monthly analysis by Biz2Credit.

VENTURA, Calif. — Ventura County Credit Union announced that it has been named a "preferred lender" by the U.S. Small Business Administration (SBA).

NCUA said it issued three prohibition orders against former credit union employees in May. As a result, the following individuals will be barred from participating in the affairs of any federally-insured financial institution:

NCUA is working with federally-insured credit unions in parts of Texas and Oklahoma that were hit by heavy flooding recently in order to help “protect consumers and ensure the continuity” of credit union services.

he Cornerstone Credit Union League, which represents hundreds of credit unions across the states of Arkansas, Oklahoma and Texas, said its board voted unanimously to join a class action lawsuit against Home Depot in connection with a massive data breach at the retail giant late last year.

May 16 was not only "Indian Day," a New York state holiday that celebrated the various Native American tribes across the Empire State, it was also the first day in existence for the Seneca Nation of Indians FCU.

Redstone Federal Credit Union, a $3.9-billion institution based in Huntsville, Ala., said that longtime board-member Dr. Delia W. Black passed away on May 23.

Massive flooding and torrential rainstorms in the metropolitan Houston area -- which have flooded freeways, hundreds of homes and killed at least three people -- has led to a number of closures or delayed openings of credit union branches in the sprawling city.

The number of branches at credit unions and banks has been surging for decades and presents some challenging problems for financial institutions as they face an ever-increasingly competitive landscape in the future.

WAYNESBORO, Va. — Two Virginia credit unions announced Wednesday that their merger was official.

NCUA announced Friday it approved a federal charter for another credit union — the Seneca Nation of Indians FCU — which will serve members of the Seneca Nation Indian tribe in western New York state.

NCUA announced Friday it approved a federal charter for another credit union — the Seneca Nation of Indians FCU — which will serve members of the Seneca Nation Indian tribe in western New York state.

NEW YORK — Under a sunny, breezy sky in lower Manhattan, the newest credit union in the U.S. — The Finest FCU — celebrated its grand opening on the steps of City Hall, just blocks away from the where the devastating terrorist attacks of 9/11 killed hundreds of New York City police officers, firefighters and others.

Contrary to the popular belief that recent college graduates are too mired in student loan debt to be interested in borrowing — and wouldn't be the best of risks for a lender to take on — two new surveys suggest grads not only have an appetite for loans but are also likely to manage their debts well, making them an appealing market for credit unions.