Palash Ghosh

Credit unions have made new hires and announced promotions while others are celebrating staff and directors being given awards.

Arizona Federal Credit Union said its deal to buy Pinnacle Bank is the first of its kind in the Grand Canyon State.

The Michigan-based institution is one of a handful of credit unions that have bought or announced deals to acquire banks over the last two years.

Borrowers with poor credit make up less than 15% of the industry's total auto loan portfolio. That has shielded CUs from some delinquency issues, but some say it raises questions about whether the movement is reaching the consumers it was chartered to serve.

One credit union economist says tit-for-tat on tariffs could slow economic growth but will not result in an economic downturn.

The California-based institution posted growth in loans but saw net income fall from a year earlier.

Credit unions have announced new hires and promotions in areas such as human resources, business development and digital delivery.

CUNA and NAFCU have filed amicus briefs supporting the world’s largest credit union in a suit they say could set a precedent for CUs across the country.

There have been six of these transactions announced this year and more are likely as credit unions look for loan and deposit growth.

The community-chartered credit union will now serve nine new counties following two years of reporting 2% or less in membership growth.

All-electric, zero-emission vehicles make up less than 2% of the market, but a handful of credit unions see an opportunity despite some unusual variables.

The two leagues expect to spend the rest of this year integrating the merger, which will become effective no later than Jan. 1.

IAM Community Federal Credit Union in Enterprise, Ala., voted last year to rebrand as a way to attract more members under its community charter.

A new study from CUNA Mutual Group shows CUs ended March with tepid growth in membership and auto and real estate loans compared with a year earlier.

Edward Rostohar, who was CEO of CBS Employees Federal Credit Union, could face up to 15 years in prison following a $40 million scheme that brought down the institution.

A number of credit unions have announced a variety of personnel changes, including new managers to oversee branches.

More than half of all states don’t have an electronic system to track car titles and liens, which increases the potential for fraud and costs for lenders.

Credit unions are unveiling new boards of directors and supervisory committees, along with other staffing changes.

Earlier this year Joe Christian was named to lead the Albuquerque, N.M.-based institution on an interim basis after its previous CEO resigned.

New legislation in Iowa that allows banks and credit unions to use electronic notaries could help local lenders compete with online competitors.