Credit unions

Banks and credit unions have been fighting each other so long that many have forgotten how the feud started and why it may matter to the future of both industries.

Long considered a political third rail in the U.S., the movement's tax exemption is taking some heat. Here's a sampling of how other countries have handled this debate.

The two credit unions have combined assets of more than $115 million and serve nearly 16,000 members.

A bombshell letter from a prominent senator and a court ruling criticizing credit unions’ interpretation of “field of membership” have bankers hopeful that Congress may finally be willing to examine the public-policy purpose of the Depression-era tax break.

Old National Bancorp in Indiana plans to sell 10 branches to Marine Credit Union, expanding the credit union's reach.

The Indiana bank plans to sell 10 branches to a credit union. It will also shut down several more locations.

The Florida-based credit union service organization's 2017 dividend was nearly 20% higher than what it paid out for 2016.

The small Illinois-based credit union credited better disaster-prevention strategies as one reason for the core conversion.

Four banks have agreed to be sold to credit unions this year. Expect more deals between the longtime nemeses because the smallest banks are of less interest to other banks than they used to be, and some credit unions are in growth mode.

Small financial institutions are eager to see the Senate’s reform bill signed into law, but House efforts to amend the legislation risk stalling the effort.