Americas

Floodwood Area Credit Union and Northwoods Credit Union have completed a merger, with the resulting institution holding more than $110 million in assets and serving more than 10,000 members.

The Seattle bank's improved loan yields offset higher expenses tied to Bank Secrecy Act remediation. Washington Federal had to delay a pending acquisition after issues emerged with its anti-money-laundering compliance.

Both national credit union trade associations submitted letters in advance of CFPB acting director Mick Mulvaney's House Financial Services Committee hearing.

The credit union will be the naming rights sponsor for the team’s new rooftop apartment deck.

Following its acquisition last November of Capital Bank in North Carolina, First Horizon will fund mortgage and small-business lending in low-income areas of the Southeast and expand its vendor relationships with minority-owned firms.

Credit unions will know soon how much regulatory relief they might see from Congress and the Consumer Financial Protection Bureau.

Checkout.com has used alternative fees and a high-touch approach to build a market for its online payments toolkit in Europe. Now it's come to the U.S., where the likes of Stripe and Braintree already own a sizable chunk of the market.

The St. Louis-based company partnered with 38 new credit unions last fiscal year.

The "Global Good Card" from Summit Credit Union has donated nearly $12,000 to the Worldwide Foundation for Credit Unions, and one person leading the charge says the program can easily be exported to other CUs.

The $2.9 million-asset Dugway Federal Credit Union served fewer than 700 members.