Palash Ghosh

ALEXANDRIA, Va. — NCUA is encouraging low-income credit unions to apply for the agency's latest round of technical assistance grants.

WASHINGTON — Tracie Kenyon has been named chairman of the American Association of Credit Union Leagues (AACUL), succeeding Wendell Lyons, who stepped down from the post on Monday. Kenyon formerly served as AACUL's vice chairman.

ALEXANDRIA, Va. — NCUA said it has filed suit in federal court against U.S. Bank N.A. and Bank of America N.A., alleging these institutions violated state and federal laws by failing to fulfill their duties as trustees for 99 residential mortgage-backed securities trusts.

Eight months into the Non-Prime Auto Lending (NPAL) pilot, none of the participating credit unions has had to write off a single loan, according to the program's consultant.

LUTHERVILLE, Md. — First Financial Federal Credit Union of Maryland named Eric Church as its new president/chief executive officer.

NEW BRUNSWICK, N.J. — Internet Archive Federal Credit Union (IAFCU), a $2.8-million CU aimed at serving the burgeoning Mexican immigrant community here, is helping immigrants get their Individual Tax Identification Numbers (ITIN), their "passport" to legally working in the U.S.

PEORIA, Ill. — Citizens Equity First Credit Union (CEFCU) said it will distribute a record $40 million extraordinary dividend to the credit union's members.

New York State's top banking regulator Benjamin M. Lawsky released details Wednesday of his plan to require the state's financial institutions — including credit unions — to upgrade their cyber-defense systems.

As consumer credit card holders in the United States continue to rack up increasing amounts of debt, some industry experts fear the situation may be close to a "tipping point" that could culminate a new wave of defaults and delinquencies.

Credit unions ruled in a new ranking of the top mobile banking apps.

MOLINE, Ill. — Service Plus Credit Union, a $21-million asset credit union here, has chosen Sharetec System, a developer of credit union software, for its core system.

Data indicates that not only are more and more people acquiring credit cards from credit unions, but that the default and delinquency rates were lower for credit cards issued by credit unions than those offered by banks.

The Federal Housing Administration (FHA) announced that limits on "conforming loans" — mortgage loans which conform to guidelines of government-sponsored enterprises like Fannie Mae and backed by the federal government — will remain largely unchanged next year.

Coastal Federal Credit Union has established a "digital banking" division to handle the increased demands of its membership for online and mobile services.

WASHINGTON — NAFCU's board is meeting with senior officials of the Federal Reserve Thursday to discuss key credit union issues, as well as to present findings from trade's annual report on the movement.

CUNA has expressed concern over a small South Florida credit union that was recently assessed a $300,000 fine by the Treasury Department's Financial Crimes Enforcement Network for ignoring reporting and record-keeping requirements under the Bank Secrecy Act between 2009 and 2014.

If banks finally start loosening up mortgage lending standards, will credit unions' hard-won market share take a hit?

NEW YORK — Grameen America, a nonprofit microfinance organization that specializes in providing small business loans to low-income women, may seek to adopt a credit union structure.

President Obama's executive action on immigration — a measure that, if enacted, would give an estimated 5.2 million undocumented immigrants some protection against deportation — could eventually provide U.S. credit unions with additional business from a largely ignored and under-served segment of the population.

People's Credit Union said it will offer its members surcharge-free access to ATMs at all 43 Rite Aid pharmacies in the state of Rhode Island.