Ray Birch

WASHINGTON — When Bill Cheney steps down as the head of CUNA next month, it will be business as usual at the trade association — including addressing CU concerns over the group's structure and leagues, says Bill Hampel, who was named interim president/CEO last week.

Colorado lawmakers on Wednesday passed a bill to establish a financial services co-operative to serve licensed marijuana dispensaries in the state.

Saying it's his first "temp job" since college, interim CUNA President/CEO Bill Hampel says business at CUNA—including addressing credit union concerns over the structure of the trade association and state leagues—will keep moving.

DENVER — A bill to establish a financial services co-operative to serve licensed marijuana dispensaries in the state was passed Wednesday by Colorado lawmakers.

DENVER — A bill to establish a financial services co-operative to serve licensed marijuana dispensaries in this state cleared the Colorado House and has moved on to the Senate.

Bill Hampel will take over as interim president and CEO of CUNA on June 11, succeeding chief executive Bill Cheney, the trade association announced Wednesday.

HUNTINGTON, W.Va. — A man waking up from a drug-induced high found himself locked inside a credit union.

Toro Employees FCU has converted to CU*Answers' CU*BASE core data processing platform.

An armed robbery at a local credit union Monday prompted a brief lockdown of an area school.

SPOKANE VALLEY, Wash. — Numerica Credit Union is the first financial institution in the state of Washington that will accept business from recreational marijuana processors and producers, according to the Washington Liquor Control Board.

AUSTIN, Texas — Consumers, in growing numbers, are turning to mobile exclusively for their remote banking needs, and CUs are doing a better job than banks at signing up mobile users.

FAIRFAX, Va. — As financial institutions begin to shift their marketing dollars from traditional media to digital, analysts say online spending can be good for credit unions — but only if they wisely allocate budgets in this marketplace.

The Colorado state legislature could decide soon if a new type of financial services co-operative — though not a credit union — will be created to serve the marijuana industry in the state.

DENVER — The Colorado state legislature could decide soon if a new type of financial services co-operative — though not a credit union — will be created to serve the marijuana industry in the state.

ALEXANDRIA, Va. — NCUA issued five prohibition orders Wednesday, banning the following people from participating in the business of any federally insured financial institution:

TUCSON, Ariz. — Vantage West Credit Union is acquiring Tombstone FCU.

PETERBOROUGH, N.H. — Bank credit card growth last year outpaced credit union card growth for the first time since 2007, a figure cards experts say indicates much tougher competition is ahead for CUs, especially around rewards.

WASHINGTON — CUNA and NAFCU recently asked NCUA — for a second time — to extend the comment period on the proposed risk-based capital rule another 90 days, and once again the agency said no.

COVINA, Calif. — Performance objectives for the executive team can't be too general that they prevent a leader from directly influencing the objective, advises Executive Compensation Solutions.

WEST JORDAN, Utah — New hires at Cyprus FCU now pull out their smartphones and tablets during 90 minutes of training on all of the credit union's electronic services.