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The $5.6 billion-asset credit union said it will offer a special 15-month certificate of deposit to members for a limited time, to commemorate passing the 500,000-member milestone.

Traditionally, credit union CEOs come to the position after having served as CFO or COO and may only have had a passing glance at the IT department, but as technology has become integral to nearly every aspect of running a credit union, CEOs with technology backgrounds are becoming more common. One such is Jim Morrell, CEO of Peninsula Community FCU.

Fifth Third's mortgage division has launched the Community Reinvestment Mortgage Special, a program designed to cover closing costs for mortgage customers buying or refinancing homes in low-income areas.

When Samsung Pay launched in the U.S. on Monday, it did so on schedule but with less issuer support than had been expected, with only Bank of America, Citi, American Express and U.S. Bank announced as participants.

Citigroup has agreed to issue private-label credit cards for Wawa, a Mid-Atlantic convenience store chain.

Indra Financial Services has begun offering an IBM Watson-powered automatic expertise tool to its leading bank clients’ operations and sales teams.

MUFG Americas Holdings in New York, the holding company for California's Union Bank, has named Kanetsugu Mike chairman of the holding company and bank.

The $4.8 billion-asset HomeStreet said in a press release Monday that it will pay $49.8 million in stock, or $11.70 a share, and $5.5 million in cash for the $200 million-asset Orange County Business Bank.

Rep. Jeb Hensarling, R-Texas, chairman of the Financial Services Committee, is not seeking a higher leadership position in the wake of House Speaker John Boehner’s resignation, a spokeswoman said Monday.

NAFCU on Friday asked a federal appeals court for leave to join an action challenging the Federal Communications Commission’s order on Telephone Consumer Protection Act prohibitions relating to financial institutions’ autodialed calls to account holders.