Credit unions

On Mar. 31, 2018. Dollars in thousands.

The three credit unions have assets of nearly $638 million and serve more than 53,000 members.

About $736 million is being spread among more than 5,000 credit unions following NCUA's merger of the share insurance and corporate stabilization funds. Credit Union Journal queried a number of CUs on how they plan to spend that windfall.

The $2.1 billion settlement is likely to be the last of the big toxic mortgage cases from the financial crisis; the move pressures rivals to lower prices.

Seven credit unions have asked Michigan's banking regulator for permission to launch a trust company, a move that bankers says oversteps that industry's role of helping people of modest means.

The credit union service organization focuses on predictive modeling, business intelligence and technology services.

Credit unions and banks continue to push for leniency as the clock ticks toward adoption of the drastic change to how banks account for expected loan losses.

The industry continues to push for leniency as the clock ticks toward adoption of the drastic change to how banks account for expected loan losses.

The credit union plans to retain all employees of Oculina Bank, whose CEO says the merger will allow Oculina branches to provide more products and services.

Six of the 14 new clients have assets of more than $1 billion, including Meridian CU in Toronto, Member Loyalty Group's first Canadian client.