Palash Ghosh

Federal regulators shuttered the institution, which had just $3 million in assets, after it became insolvent with no viable path forward.

The two institutions scuttled their original plans to merge earlier this year after a court invalidated some parts of the NCUA's field of membership rules for federally chartered institutions.

Augusta VAH Federal Credit Union in Augusta, Ga. has announced plans to merge into SRP FCU, across the state line in nearby North Augusta, S.C.

Sarah Vega, chief of staff to NCUA Chairman Mark McWatters, succeeds Paul Gentile, who announced plans to leave the multi-state credit union league earlier this year.

Credit unions in Iowa and across the west were honored for their work aiding immigrants and financial education for students, respectively.

Hoosier Hills Credit Union now serves 35 counties and has roughly 29,000 members.

The storm could impact as many as 57,000 homes and cause more than $13 billion in damages, according to one estimate.

Another round of credit union promotions, appointments, new hires and more.

Elliot Gregg, who led the institution for almost 20 years, will serve as president emeritus until his retirement in January.

The awards will be handed out in March in conjunction with CUNA's Governmental Affairs Conference.

The combined institution will serve roughly 13,700 members with $300 million of assets and six branches.

Russell Cole will take the helm at CUSO Home Lending, succeeding John Reed, who is retiring from the position.

A growing number of credit unions are balancing whether to offer points or other perks as a thank you for member loyalty and spending.

Members of the American Credit Union Mortgage Association will receive discounted access to most of the Mortgage Bankers Association's training products.

Achieva Credit Union has purchased Preferred Community Bank in Fort Myers, Fla.

Struggles to achieve sustainable growth led CommunityWorks Federal Credit Union to seek a merger partner.

Joseph Whitaker will take over as president and CEO of SkyOne Federal Credit Union later this month.

NCUA liquidated LOMTO Federal Credit Union following years of significant losses due to poorly performing taxi medallion loans.

Shay Santos, who has been with the Madison, Wis.-based credit union for nearly three decades, succeeds John Lowrey, who passed away in June.

In September, the National Credit Union Administration barred five people from the industry, including one individual who was accused of working to embezzle more than $1 million.