Credit unions

The new study highlighting the importance of the credit union tax exemption comes at a time when Congress is looking for new ways to boost government revenues and save taxpayers money.

Stephanie Sessum will succeed longtime CEO Nancy Walker.

Donald Trump was sworn in Friday, but banking industry executives have spent the last two months envisioning a vastly different political, economic and regulatory climate. The dominant question in coming months will be how realistic those expectations are.

This is the second consecutive year the credit union has returned dividends to members.

As President-elect Trump and the new Congress proceed on tax reform, there is one exemption in particular that needs to be closed, shut and buried.

Initial regulatory steps toward giving credit unions access to alternative sources of capital could add to bankers' concerns that their tax-advantaged rivals are expanding beyond their mission.

On Sept. 30, 2016. Dollars in thousands.

On Sept. 30, 2016. Dollars in thousands.

On Sept. 30, 2016. Dollars in thousands.

NCUA is teaming up with the CFPB to offer guidance related to new Home Mortgage Disclosure Act requirements.

Credit unions in Arizona and Texas recently topped major asset milestones – Hughes Federal Credit Union, Tucson, Ariz., said it surpassed $1 billion in total assets, while Texell Credit Union, Temple, Texas, now has more than $300 million in assets

WESTconsin CU and UT FCU have selected Member Experience, which uses Net Promoter Score methodology to improve members’ experiences and drive growth.

The hurdles for bank-to-CU conversions are in almost all cases too big to for for-profit institutions to overcome and still operate responsibly.

As the new Congress and administration take shape, the credit union trade association is ramping up lobbying efforts even as it celebrates a major milestone.

Advia Credit Union in Parchment, Mich., has agreed to buy Peoples Bank in Elkhorn, Wis.

2016 was very good to these financial services executives, who succeeded where others failed, sold their businesses for large sums, felt the love of regulators or could finally breathe a sigh of relief.

The migration has been slow, but COOP Financial Services says there's momentum for adoption and usage. There are also signs that card fraud risk is improving.

The National Credit Union Administration acted appropriately, within its legal authority, when issuing its member business lending rule.

A federal judge heard arguments from ICBA and NCUA on whether to dismiss the banking group's legal challenge to the credit union regulator's changes to the member business lending rule. A decision on the dismissal could come as early as January.

The National Credit Union Administration rule expanding member business lending introduces new risks and lacks legal basis.