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Washington Federal (WAFD) in Seattle reported higher quarterly profit because of an improved deposit mix, increased fee income and loan growth.

ARLINGTON, Va. — The National Association of Federal Credit Unions is lobbying President Obama to consider a credit union representative for a seat on the Federal Reserve Board of Governors.

Live Oak Bancshares is planning an initial public offering that could yield as much as $86 million for the Wilmington, N.C., company and its shareholders.

ORLANDO, Fla. — Virtual currencies such as Bitcoin are largely viewed skeptically by credit unions as a potential threat, but at least one person sees some opportunities for revenue.

WASHINGTON — Questions are being raised about whether Senate Banking Committee leaders will delay a pending vote on their mortgage finance reform bill as they struggle to secure additional votes.

Heritage Bancorp in Pearland, Texas, has agreed to buy Nixon State Bank in Nixon, Texas.

CB Financial Services (CBFV) in Carmichaels, Pa., has agreed to buy FedFirst Financial (FFCO) in Monessen, Pa.

Joseph Stilwell used a photo of the then-chairman of Harvard Illinois snoozing at last year's annual meeting as part of his fight for representation on the board. Harvard's board accused Stilwell of waging his battle "in the gutter."

The company, which was an active acquirer before the financial crisis, has returned to its roots after a long hiatus brought on by the downturn and integration problems. Archie Brown, who became CEO in 2008, says the company is taking a more disciplined approach this time.

RANCHO CUCAMONGA, Calif. — CO-OP Financial Services announced today that it delivered a shareholder dividend of $30.5 million for fiscal year 2013, a 17% increase from the previous year.

J.P. Morgan has partnered with ProQuest, a cloud-based data management technology provider in Ann Arbor, Mich., to make J.P. Morgan's company and economic research data available to business students, academics and other researchers.

First Mariner's holding company, First Mariner Bancorp (FMAR), filed for Chapter 11 bankruptcy in February as part of a $100 million recapitalization plan.

BETHALTO, Ill. — Laclede Community Credit Union and 1st MidAmerica CU have agreed to merge.

M&T Bank (MTB) in Buffalo reported lower earnings in the first quarter as customer activity dwindled in the first two months of 2014 and costs associated with regulatory requirements grew.

U.S. Bank has agreed to buy Ally Bank's document-custodian business.

KENTWOOD, Mich. — An armed man dressed as a woman robbed Community West Credit Union last week and then led police on a high-speed chase that ended up with the suspect crashing his motorcycle.

Kenneth Lehman is getting ready to increase his stake in Liberty Bell Bank (LBBB) in Marlton, N.J.

WARREN, Mich. — Member Driven Technologies, a CUSO that supplies IT solutions to credit unions across the United States, said two CUs have signed to convert their core processing to Symitar Episys via the MDT solution.

ALEXANDRIA, Va. — NCUA's Central Liquidity Facility showed positive performance trends during the first quarter of 2014, with stock dividend rates increasing to 0.25%, the regulator announced Friday.

Two former executives of Sonoma Valley Bank have been indicted for their alleged involvement in a $9.5 million fraud scheme.