Fintech

Total loans at federally insured credit unions reached $769.5 billion at the end of the third quarter of 2015, a 3.3% jump from the second quarter; and a 10.7% surge from the third quarter of 2014, according to statistics released by NCUA.

Chief Executive Steve Streit said that the company's lower fee structure did not generate enough additional purchase volume to overcome the loss of revenue.

Great Lakes Credit Union in Bannockburn, Ill., and Phone-Co Credit Union have merged.

Achieva Credit Union is believed to be the first institution of its kind to complete a whole-bank acquisition. The deal could provide a template for other credit unions keen on buying banks.

In a report assessing the impact of a 2009 reform law, the agency cited concerns on debt collection, deceptive rewards programs and so-called deferred interest products.

A federal appeals court has ruled that Visa and MasterCard were coerced by law enforcement into cutting ties with a website that runs sex-related ads. The decision is a powerful statement in the debate over how far government officials can go in enlisting financial institutions as their deputies.

PenFed Credit Union in Alexandria, Va., announced two mergers Wednesday, one with NAVFAC Federal Credit Union in Honolulu, Hawaii, and one with AAFES FCU in Dallas.

Despite years of effort to reach the Hispanic community, credit unions still face a number of challenges—and opportunities—in this market, according to a panel put together by NCUA on this topic.

Partner Colorado Credit Union will pay its members a record $1 million in a pre-holiday bonus dividend on Dec. 4.

Annual Best Practices Awards offer a look at tested tactics that can be implemented by other CUs.