Americas

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.

A former Georgia community banker who was accused of fraud and faked suicide has pleaded guilty to three felony charges for his role in allegedly defrauding a bank and private investors.

The company claims in a lawsuit against the Puerto Rican government that the territory could lose "a major lender in the Puerto Rico housing market" if it is denied a $230 million tax refund.

ALEXANDRIA, Va. — Idaho, Iowa and Virginia continue to lead the way in state-level gains, according to NCUA.