Palash Ghosh

As credit unions attempt to bring in deposits to fund more loans, one institution's success story could offer a path for others.

After the merger is completed, Cedars-Sinai Federal Credit Union's one branch will be relocated.

A successor to Robert Allen, who has led the $7.3 billion-asset institution for more than three decades, should be named soon.

Credit unions from the Northeast to the Mountain West and beyond have announced new rounds of hiring, promotions and appointments.

The nation's first credit union saw an 88.5% increase in net income for 2018 thanks to a variety of factors, including a one-time payout from the National Credit Union Administration.

Credit union share of the credit card market is at a record high but there are concerns that this debt could begin to sour if the economy turns.

Members of Bard Employees Federal Credit Union approved the merger into Baxter Credit Union earlier this month.

Urbana Postal Credit Union is the latest in a string of closures and rebrandings as CUs chartered to serve post office employees attempt to stay relevant.

The Raleigh, N.C.-based institution said it also has more than 500 employees.

Credit unions have elected new board members and named new branch managers while other employees were recognized for their dedication.

The proposed combination of Sharon Credit Union and Crescent Credit Union still needs approval from regulators and members.

Price Chopper Employees Federal Credit Union is the second institution to merge into the Latham, N.Y.-based Sunmark in recent months.

Spokane Teachers Credit Union will transfer the assets and liabilities to a nearby branch.

The Banner branch in Sandpoint, Idaho, will be closed and its assets and deposits will be transferred to a nearby STCU location once the deal is completed.

Several credit union leagues and credit union service organizations have formed a new group, called AffirmXCU, that will offer risk management technology.

CUNA Mutual Group's February trends report showed that growth in auto loans, mortgages and membership had slowed.

Daniel J. Machon Jr., who was previously the CEO of Stonebridge Bank, has taken the helm at the West Chester, Pa.-based institution.

With branch traffic on the decline, some CUs have taken steps to tweak their facilities in order to help brick and mortar stay relevant in a digital world.

The Peoria, Ill.-based institution also saw increases in lending and net worth.

Montgomery County Employees Federal Credit Union is now operating as SkyPoint Federal Credit Union.