Location Root Tag

OGDEN, Utah — The thief who allegedly robbed ISU Credit Union at gunpoint last week used a fake bomb to rob a bank Thursday.

WASHINGTON — Although a new Federal Reserve Board study shows that many Americans have recovered from the "Great Recession," a significant number of consumers are still struggling.

NEW YORK — Since his initial look at the risk-based capital proposal at the start of the year, Montauk Credit Union chief executive Louis Jimenez is breathing easier — but only a little.

SAINT JOSEPH, Mich. — Four years after launching its business lending program here, United Federal Credit Union has realized an asset under management per underwriter increase of more than 100%.

BLOOMINGTON, Ind. — The Consumer Financial Protection Bureau has withdrawn the names of two Indiana credit unions from a blog post that called out banks and CUs for a lack of transparency about their relationships with universities.

CARSON CITY, Nev. — After having its member business lending program sidelined by regulators in 2010, Greater Nevada CU is making a comeback, having increased its business lending portfolio by 115% over the past 18 months.

TALLAHASSEE, Fla. — As the NCUA mulls member business lending risk weights for its final risk-based capital rule, the head of one credit union service organization contends that the agency needs to consider weighting more by product type than percentage of the portfolio.

NEW YORK — We're breathing new life into an old favorite here at Credit Union Journal, and we need your help to make it happen.

SAN RAFAEL, Calif. — American consumers are getting anxious again as news of a possible trade war between Russia and the United States is making headlines, according to new research.

Banner Corp. in Walla Walla, Wash., has agreed to buy Siuslaw Financial Group in Florence, Ore.

Peoples Bancorp in Marietta, Ohio, has raised $40 million through a private placement.

Peyton Patterson has resigned from Bankwell Financial in New Canaan, Conn., less than two months after she was ordered to pay $350,000 in Amex bills and had to resolve other personal financial matters. She had led the company since 2012.

Ocean Bank in Miami has signed a three-year agreement to put its name at the top of Florida International University's football stadium.

Credit union executives are celebrating the movement reaching the 100 million-member milestone — but what does it really mean for the industry?

Heritage Bank in Jonesboro, Ga., became one of the first banks to retire trust-preferred securities held by the FDIC after a complex, year-long negotiation. The transaction could be a model for dozens of other lenders trying to avoid default and possible bankruptcy.

Carolina Financial in Charleston, S.C., has agreed to acquire 13 branches in the Carolinas and additional assets from First Community Bancshares in Bluefield, Va.

LAS VEGAS — Credit unions must be aware of and adapt to fundamental changes in the world around them, such as a younger generation that would rather use financial applications than go to financial institutions.

JACKSONVILLE, Fla. — The boards of Duval Federal Credit Union and 121 Financial Credit Union have agreed to merge late this year, subject to approval by their memberships and regulators, the FCUs jointly announced.

Northrim BanCorp in Anchorage, Alaska, has agreed to buy Residential Mortgage Holding Co.

The private-equity firms Warburg Pincus and Thomas H. Lee Partners are selling roughly a third of their combined stake in Umpqua Holdings of Portland, Ore.