Location Root Tag

SAN BERNARDINO, Calif. – Pete Aguilar, a former employee of Arrowhead Credit Union, appears to have claimed the second spot in this week's primary election for California's 31st congressional district.

WASHINGTON — For the first time in weeks, both chambers of Congress are in session, and they're taking a hard look at regulatory relief efforts.

Doral Financial's (DRL) dispute with the Puerto Rican government over a tax refund will be heard on an expedited basis by the territory's courts.

Wintrust Financial (WTFC) of Rosemont, Ill., is planning to raise capital by issuing subordinated debt.

LOS ANGELES — Moneyworks, a startup that's preparing to roll out its personal financial management app, took home the $10,000 prize in a financial innovation contest Friday.

OMAHA, Neb. — Centris FCU here, and Direct FCU, Needham, Mass., both looked within their own ranks to find their new chief executives.

Shareholders at New York Community Bancorp (NYCB) have rejected the company's compensation packages for top executives.

When Bank of America (BAC) announced a new deposit account with a reliable $4.95 monthly fee, some industry observers questioned whether the Charlotte, N.C., company could squeeze out a profit.

Big banks can afford mega-settlements to solve their woes, but First Horizon National in Tennessee has to fix itself the old-fashioned way: slow cleaning up of its mortgage mess, opportunistic acquisitions, opening loans offices … and, oh yes, begging investors for a few more years of patience.

Union Bank in San Francisco has added five new directors, including a former bank regulator, as part of a series of changes to its corporate names and structure.

SCHAUMBERG, Ill. — The reduction in mortgage demand has some credit unions reaching down to slightly lower credit scores.

The $9.7 billion-asset company said in a regulatory filing Wednesday that it could sell the stock from time to time through Credit Suisse Securities.

What lays ahead in the ever-changing payments marketplace? Credit Union Journal asked some industry experts and here's what they said.

SAGINAW, Mich. — A member of Team One CU found $7,000 in the CU's drive through earlier this week and decided to do the right thing.

MECHANICSBURG, Pa. — One CU is making it easy to transfer credit card balances to the cooperative — members simply snap a picture of their competing card's statement with a mobile phone.

BROOKFIELD, Wis. — Despite the slow adoption of point-of-sale mobile payments in the U.S., credit unions should begin preparing today for when the payments method takes off.

Five years after its implementation, the CARD Act has had a major impact on the financial services market — but the credit union story is different.

NEW YORK — The National Federation of Community Development Credit Unions is in the midst of a long-term project to help small credit unions reduce expenses around core banking systems and find efficiencies though collaboration.

WASHINGTON — Lenders across the country reported increased demand from consumers and businesses, continuing a prevailing trend from earlier this year, according to a Federal Reserve report.

The $1.6-billion asset company, based in Asheville, N.C., is headed into Virginia for the first time after announcing plans Thursday to open a commercial loan production office in Roanoke.