Credit unions

The federal agency released data culled from fourth quarter 2016 call reports that showed the "great divide" between large and small credit unions continues to widen.

Lawmakers from both sides of the political aisle voiced their support Wednesday for keeping credit unions' federal tax exemption intact even as the Trump administration and Congress prepare to make sweeping changes to the tax code.

The banking industry's top advocacy groups can't support giving credit unions capital-raising alternatives, but they are trying to understand the NCUA's complex proposal before filing comment letters against it.

A month into the comment period, NCUA has yet to receive a single response to a proposal that could provide credit unions easier access to market capital. The issue is unusually complex, experts say.

Ousted CEO John Dee Carruth is continuing his war of words against the state regulator, but he may not have much recourse under a provision of Alabama law.

The trade group says that by merging the Share Insurance Fund and Corporate Stabilization Fund to issue dividends now – instead of in 2020 – the regulator could avoid instituting new premiums to the NCUSIF.

Once upon a time, credit unions could serve anyone they wanted and there was no such thing as “common bond.” Sounds like a fairy tale, but it turns out a select few still can.

Cross has led the $142 million CU for 32 years.

Summit CU in North Carolina has completed its acquisition of Corning Cable Systems CU and is building a new branch to accommodate increased business as a result of the merger.

Kentucky, Ohio regulators won't have to go through accreditation process again for five years.