Credit unions

Members of Niagara Mohawk Power Corp. Troy Employees Federal Credit Union recently voted to merge with Albany-based CAP COM.

Myra Toeppe, who had been serving as acting director since January, will take on that role permanently.

Earlier this year, the Southern California credit union was criticized for its directors not representing the demographics of the communities it serves.

The CrossState Credit Union Association continues to work with lawmakers in neighboring New Jersey to get similar legislation passed there.

The rule, which will go up for a 60-day comment period, codifies existing NCUA policies and is not expected to change how the agency operates.

The announcement marks one of the credit union community's largest funding efforts toward diversity and inclusion initiatives.

Democracy Federal Credit Union is the latest to move ahead with plans to shut down on Nov. 3 so employees can get to the polls.

The industry called for modifications to the regulator's phase-in proposal on the new credit loss standard while acknowledging the broader changes it wants are up to the Financial Accounting Standards Board.

The acquisition will consolidate United's position in the St. Joseph market, where both institutions are based.

With coronavirus cases on the rise, Hoosier Hills CU in Bedford, Ind., has chosen to temporarily restrict access to its facilities. Observers say other institutions are likely to follow suit eventually, whether they want to or not.