Ray Birch

SYLVANIA, Ohio — Now that the scavenger hunt run by Great Lakes Credit Union is over, looking back, the CEO says it's the best promotion his shop has ever run.

NEW YORK — Peter Duffy contends that NCUA's proposed capital rule could force some credit unions to sacrifice net income and capital to meet the new risk-based standard.

LONDON — With consumers wanting more electronic banking services, financial institutions are placing greater importance on digital channels.

FERGUSON, Mo. — A family restaurant near the center of where much of the violence in this city has occurred is still open, thanks in part to a $5,000 0% loan from Alliance CU.

The steady stream of data breaches is changing how credit unions battle card crime and spotlighting rising fraud costs, which are proving difficult for small CUs to absorb.

KENSINGTON, Md.—A partnership between Lafayette FCU and Hitachi Government Finance is providing the CU some new business lending benefits.

FRESNO, Calif. — Crooks this weekend stole a backhoe, drove it to a nearby CU and attempted to rip open the ATM outside the office and the cash vault beneath it.

BIRMINGHAM, Ala. — Will the risk-based capital rule increase the pace of credit-union-to-bank conversions? Only time — and the final rule — will tell. But most industry insiders and experts say it's unlikely that a significant number of credit unions will be rushing to make the switch.

NCUA issued three prohibition orders Friday, banning the following people from participating in the business of any federally insured financial institution:

Privately insured CUs will not pay a special premium assessment in 2014.

Jean Trainor is stepping down as CEO of Veridian Credit Union to play a more active role in her son’s life.

Amid ongoing fraud investigations of Oshkosh Central Credit Union, the $28 million shop will merge with Community First CU Sept. 1.

John Magill, CUNA executive vice president for government affairs and special assistant to the president, will leave the trade association September 5.

Despite NCUA handing out of $57,750 in penalties to late Q1 Call Report filers, 75 federally insured CUs have filed their Q2 report late, the agency reported Monday.

In an effort to reassure members it's stable, Wilkes-Barre City Employees FCU plans to name a new chief executive within the next month and has already created new policies to prevent people from taking out fraudulent loans.

WILKES-BARRE, Pa. — Five members of Wilkes-Barre City Employees FCU, including one employee, were charged Thursday with conspiracy and bank fraud related to an elaborate scheme to obtain loans with false collateral and stolen identities.

ARLINGTON, Va. — NCUA has been stressing to credit unions for well over a year that they must pay attention to interest rate risk with rising rates on the horizon.

Staff from Alliance Credit Union walked through the debris in the troubled city of Ferguson, Mo., Wednesday, asking business owners if they needed a 0% loan.

Two credit unions that share the same building-and a family connection-plan to merge.

With NCUA focusing on cybersecurity at credit unions, the agency has outlined key areas on which examiners will focus when analyzing a CU's fraud defense.