Palash Ghosh

Credit unions and others in the industry have recently announced a variety of changes with their staffing.

The payout included bonus dividends and a 7 percent refund of loan interest paid by members.

Donald Finn began his credit union career in 1964 by working as a loan officer for a Michigan institution.

Credit unions haven't dipped into subprime lending as much as other lenders, which has helped protect the industry – but there could still be major speed bumps ahead.

The latest Credit Union Trends Report from CUNA Mutual Group shows strong performance in membership growth and delinquencies, but lending is beginning to slow and could slow further by next year.

A federal judge has offered a split decision in a suit regarding Marriott Employees Federal Credit Union, denying plaintiffs' request for damages but refusing to throw the case out entirely.

The National Credit Union Administration issued a prohibition order against Deborah Peters, who worked at Wilkes-Barre City Employees Federal Credit Union.

The industry has recognized, hired and promoted a variety of executives, including the Minnesota Credit Union Foundation honoring several individuals for their contributions.

E.J. Donaghey has left University of Illinois Credit Union to become the new president and CEO of Fort Dodge, Iowa-based Citizens Community CU.

Bill Schirmer, president and CEO of Evansville Teachers FCU, will serve a three-year term on a panel for the Federal Reserve Board of St. Louis.

Soo Line Credit Union would merge into Central Minnesota Credit Union, creating an institution with more than $1.1 billion in assets.

The Exton, Pa.-based institution plans to open new branches in three counties after posting 11 percent growth in loans last year.

Credit Union Student Choice's decision to open a management center in Texas follows a similar move by Pentagon Federal Credit Union earlier this year.

The Badger State's institutions also saw earnings and allowance for loan losses increase.

Lynn Calvert will lead the institution on an interim basis after Robert E. Dempsey recently passed away.

Members of District 8 Highway Employees CU have approved a proposal to become part of Metro Credit Union.

Governor JB Pritzker has nominated Deborah Hagan as secretary of the state's Department of Financial and Professional Regulation, where her duties would include overseeing state-chartered CUs.

Credit unions have recently recognized board members for their service, named new executives overseeing lending and hired a director of brand marketing.

Even as the credit union movement becomes more inclusive, most institutions' C-suites haven't evolved.

The Hermantown, Minn.-based institution has added two new counties in Minnesota that it can now serve.