Palash Ghosh

NORTH HAVEN, Conn. — Connex Credit Union, a $419-million institution, said it has merged with Sargent Employees Federal Credit Union (SEFCU), a $3.4 million entity.

While many credit unions have a hard enough time just finding people to serve on their boards and recruiting fresh blood, one credit union has a board election coming up with four open seats — and nine candidates vying for them.

Georgia United CU and HealthCom FCU have agreed to merge following approval by their boards and the submission of merger plans to state and federal regulatory agencies.

Credit unions in the United States have generally delivered good financial performance across the board in 2014, bolstered by a strengthening economy, an improving job market and — most crucially — rising loan demand from members who had stood on the sidelines during the financial crisis.

Veridian Credit Union announced it has returned bonus dividend payouts totaling some $1.83 million to more than 173,000 member accounts.

OKLAHOMA CITY — FAA Credit Union's board has voted to provide year-end rebates and bonuses for the fourteenth consecutive year to its membership.

Credit unions scored a public relations coup in a recent article published by Wall Street Cheat Sheet entitled "5 Reasons to Choose a Credit Union Over A Bank."

MIDLAND, Mich. — Dow Chemical Employees' Credit Union (DCECU) announced it will issue Member Giveback Rebates and Rewards for 2014 that will break the $1.4 billion CU's previous records.

The good news: the economy continues to strengthen. The bad news: the economy continues to strengthen.

NCUA warned credit unions about the risks of providing account services to money services businesses (MBSs) in a December supervisory letter and offered guidance to institutions that chose to do so.

Warren FCU decided to do something novel when it sought to establish market share in Laramie, Wyo., a town about 50 miles away from its Cheyenne headquarters.

A 26-year-old man is under arrest after he damaged a Truliant FCU branch here.

The U.S. Commerce Department upwardly revised its annualized GDP growth estimate for the third quarter of 2014 to 5% from the 3.9% figure reported last month, on the strength of higher consumer spending and business investment, making it the fastest growth witnessed since the third quarter of 2003.

Five credit union associations, including CUNA and NAFCU are calling on the U.S. Department of Defense to exempt CUs from proposed changes in the Military Lending Act that would impose a 36% cap on the military annual percentage rate of interest for consumer credit products.

ALEXANDRIA, Va. — NCUA announced Tuesday it has approved a charter to Lutheran Federal Credit Union, making it the third new federally chartered CU of this year.

NCUA announced Tuesday that it has issued a cease and desist order to New Bethel FCU of Portsmouth, Va.

TAMPA, Fla. — In an effort to encourage physical fitness among its membership and local community, GTE Financial CU has offered a cash incentive for individuals who exercise, lose weight and shed belly-fat.

SEATTLE — Verity Credit Union, a $432-million federally-insured state-charter, launched a program last year to further encourage the local popularity of bicycle riding.

President Obama's surprise decision to restore economic ties with Cuba will reverberate throughout the U.S. financial services industry, as Cuban-Americans send more money to their relatives back home and American companies start to conduct more business in the island nation.

ALBANY, N.Y. — Gov. Andrew Cuomo signed into law legislation allowing state-chartered credit unions to combine select employer groups, associational and community groups into a single field of membership at the same time, according to the New York Credit Union Association (NYCUA).