Corporate governance

The Houston-based institution plans to build profit into the repayment agreement for a loan, with profit replacing interest, under the model of other Muslim-based lenders.

More than one thousand Minnesotans opened prize-linked savings accounts at credit unions since they were launched in the North Star State in January.

The National Credit Union Administration has developed a new consumer website explains the mission of credit unions and provides tips on saving money.

Workers' Credit Union, a $1.3-billion institution based in Fitchburg, Mass., reported it has deposited $3 million into its members accounts this month, based on account and loan balance data for 2015.

Credit Union Journal asked credit union advocates what they would like to say to the men and women running for the White House.

CU Journal asked the state leagues: How does a presidential election year change your political strategy, and does your league get involved in the presidential election (i.e. endorsements, contributions to presidential candidates)? Or do you remain focused on Congressional and local campaigns?

CUs are ramping up their political efforts in the 2016 race for the White House, seizing a window of opportunity to ride a wave of anti-Wall Street rhetoric and driven by a vital need for regulatory relief.

Advia Credit Union in Parchment, Mich., has agreed to buy Mid America Bank in Janesville, Wis. The $1.2 billion-asset Advia did not disclose how much it will pay for the $84 million-asset Mid America.

Rogue Credit Union paid out a $2.5 million dividend under the CU's first ever "Rogue Rewards Loyalty Dividend" program.

SAN DIEGO — San Diego County Credit Union on Tuesday released its financial results for 2015, noting that its return on assets "continues to be strong" at 1.26% for the year and its net-worth-to-assets ratio was 13.85% ("well capitalized").

The Credit Union National Association has partnered with the Republican and Democratic parties to provide garden spaces at children's hospitals in Cleveland and Philadelphia.

Sussex County Federal Credit Union in Seaford, Del., has provided a $100 patronage dividend to its members who have multiple accounts.

Members of Crane Credit Union here voted to convert the $485 million institution from a federal to a state charter.

The Super Bowl is over, but don’t despair—Credit Union Journal chatted with the world’s largest credit union about the results of its football ad campaign.

Credit unions are outperforming other auto lenders, but experts warn some may need to rethink their pricing for risk.

Hawaii Central Federal Credit Union and The Queen's Federal Credit Union, both based in Honolulu, have merged.

Two credit unions were included among the winners of the 2015 Governor’s Financial Literacy Awards in Wisconsin.

A modest proposal in the president's new budget plan seeks to strengthen the link between youth employment programs, financial education and the responsible use of financial products.

Mid-Hudson Valley Federal Credit Union, an $815-million institution based in Kingston, N.Y., said NCUA has approved its merger with Bridgeway Federal Credit Union, a $82-million entity based in Poughkeepsie, N.Y.

On the heels of CUNA reversing course on the dual-membership requirement, the California and Nevada leagues have followed suit.