Credit unions

A recent blog post argues that the industry must get ready for the possibility of the Federal Reserve lowering rates below zero.

Nearly 900 institutions are set to receive a payout related to the demise of Southwest Corporate FCU, but the agency could ultimately return as much as $2.5 billion tied to the corporate credit union failures of 2009 and 2010.

Nick Darvill, who is currently president of the credit union service organization, will take over as CEO when Jim Gallagher retires from that position.

CU Service Network has split into two divisions as part of a wider rebranding effort.

Bankers’ criticism that the expanded designation would bolster the largest credit unions is misguided.

A decision that expands the low-income definition to all active-duty military personnel will only enable large credit unions to push out smaller competitors, removing choice for people in the military.

Speaking during the CUSO's virtual Member Forum, PSCU CEO Chuck Fagan noted that some data shows the economy may be beginning to rebound from the coronavirus, but some sectors are still struggling.

Three corporate credit unions serving more than 70% of the industry have banded together for a new effort following Catalyst Corporate's purchase of Aptys Solutions in late May.

The credit union will pay an undisclosed amount for Community State Bank of Southwestern Indiana.

Groups representing community banks and credit unions generally support the new percentage-based goals set by the Federal Housing Finance Agency.