Growth strategies

The nonprofit is turning to banks and social impact investors to help significantly increase the size of its loan portfolio over five years.

Louise Mills Federal Credit Union will now operate its lone branch as "Louise Mills, a division of Webster First FCU."

The credit union expanded its reach from serving three counties to 20 counties in western and central Montana.

Members at the Indiana-based credit union have won nearly $18,000 by participating in Save to Win, which rewards members who save money with the credit union.

The bank will spend an additional $1.4 billion on technology in 2018 to gain share and boost efficiency, executives said Tuesday. But they were peppered with questions about whether the big investment will yield a big financial return down the road.

The African-American Credit Union Coalition is entering a new phase of its existence, adding in a focus on mentorship and professional development. As the group continues its march forward, here's a look back at its early days.

At the Credit Union National Association's Governmental Affairs Conference, CUNA unveiled its newest initiative to drive membership.

The Eureka, Calif.-based credit union saw assets rise by 8 percent last year, while lending was up more than 10 percent.

The company will also surpass $10 billion in assets when it buys Community Bank.

The two biggest reasons people don't join credit unions are also the two biggest reasons for CUs to work together to raise consumer awareness about the industry.