Credit unions

On Sep. 30, 2018. Dollars in thousands.

U.K. credit unions have traditionally been associated with loan and savings products, but the industry is eyeing a move into the payments markets to offer an alternative to traditional banking.

On Sep. 30, 2018. Dollars in thousands.

On Sep. 30, 2018. Dollars in thousands.

On Sep. 30, 2018. Dollars in thousands.

Credit unions and smaller banks can differentiate themselves by returning to the passion for personal service that first anchored their success, and payments are central to this strategy, according to Deborah Matthews Phillips, managing director of payment strategy at Jack Henry.

CUNA and NAFCU both issued letters to the National Credit Union Administration suggesting ways federal credit union bylaws could be amended.

There are many contenders working towards developing a universal digital ID system. CULedger will test its offering later this week with a rollout scheduled for the second half of 2019.

There are many contenders working towards developing a universal digital ID system and away from static passwords. A group of credit unions is ready to see if its blockchain-based approach can serve a wider market.

The Ohio-based corporate has unveiled Sherpa Technologies, a credit union service organization intended to help CUs better navigate the tech landscape for financial institutions.

One bank's push to use Ripple's XRP in cross-border payments; LendUp spins off credit card business, names new CEO; a worrisome resurgence of rivalry among the banking agencies; and more from this week's most-read stories.

Readers weigh in on pushback by appraisers to a new regulatory proposal, consider credit card issuers' role in the gun debate, respond to recent credit union mergers and more.

Last year Corporate Central returned more than $725,000 to its member credit unions, bringing the three-year total to $1.8 million.

The banking industry is unduly worried that recent credit union deals could open the door for anyone to join.

Shane Knighton, who previously worked at Member Business Lending, will take over for the retiring Gordon Dames, who served as interim CEO.

The credit union service organization based in Florida has returned more than $500 million in patronage dividends since 1994.

Slumping stock prices may force banks to press pause, but the need for low-cost deposits and scale could provide a spark later this year.

Both sides acknowledge where expectations haven't been met, and are feeling the same market pressures to adapt faster.

Both sides acknowledge where expectations haven't been met, and are feeling the same market pressures to adapt faster.

Greater Commercial Lending has targeted making loans in some unique sectors, including mining and renewable energy, after launching in January.