Washington

The Washington-based credit union has set aside $1 million to help members with down payments for mortgages.

The Seattle company has a letter of intent to sell its home loan centers to Homebridge Financial Services.

HomeStreet Bank will attempt to sell its stand-alone mortgage business and portfolio of servicing rights, a move that comes amid growing pressure from an activist investor to exit home lending and concerns about declining demand and regulatory challenges.

A number of healthy credit unions have undertaken “mergers of equals” to bolster long-term prospects. But those institutions are opening themselves up to unique risks and challenges as a result.

Earlier this year CUNA announced a new push to better educate consumers about credit unions. The Northwest Credit Union Association is asking its members to contribute to the effort.

A U.S. District judge in Scranton denied the student lender's motion to dismiss the suit.

With control of the House changing hands in January, credit unions are set to shift their focus from regulatory relief to cybersecurity and fighting CRA.

Neither Amazon nor Starbucks could be described as a traditional retailer. But they both use their shared headquarters city as a playground for developing digital and in-store innovations that all merchants and payment companies will have to respond to the years ahead.

Two institutions in Virginia and one in Washington state have named new leadership amid a wave of expected CEO retirements.

At $3.3 billion in assets, the combined organization would be the second-largest CU in Washington state.