Credit unions

The credit union regulator has held back in allowing the use of derivatives but has released a proposal that would remove red tape for some larger institutions.

The Southern California-based credit union would add a fourth branch in the Cowboy State if members of the merging credit union approve the deal.

The trade group representing credit unions in Arkansas, Texas and Oklahoma said the change is an attempt to better unify a variety of services the association offers.

Executives and technology analysts offered a host of concerns that are likely to dog credit unions well into the new year.

Credit unions' credit and debit card portfolios could see a surge this week as the online retailer offers two days of deals, while the industry's regulator is set for a cybersecurity update.

The deal is expected to close sometime next year but is still subject to regulatory and member approval.

The industry has mounted a massive get-out-the-vote effort, but institutions also want to keep politics out of the office.

The $3.1 billion-asset institution's product will not carry any fees and offers a variable APR.

It's increasingly unclear when — or even if — Kyle Hauptman will be confirmed to the board of the National Credit Union Administration.

Last year, credit unions surpassed 291 million members in 118 countries.