The Minnesota-based institution is allowing children of some employees to attend school virtually in their branches in order to make it easier for parents to work during the pandemic.

The trade group representing credit unions in Arkansas, Texas and Oklahoma said the change is an attempt to better unify a variety of services the association offers.

Executives and technology analysts offered a host of concerns that are likely to dog credit unions well into the new year.

Steve Ewers, who has held several positions in information technology, will replace retiring President and CEO Tammy Heikkinen, who has led the Duluth, Minn.-based institution for 12 years.

Credit unions' credit and debit card portfolios could see a surge this week as the online retailer offers two days of deals, while the industry's regulator is set for a cybersecurity update.

The California-based institution joins a small group of CUs that represent only about 7% of institutions but hold about 70% of industry assets.

The deal is expected to close sometime next year but is still subject to regulatory and member approval.

The industry can gain lifelong members in this demographic by validating their financial concerns as the economy struggles and offering guidance without judgment.

The industry has mounted a massive get-out-the-vote effort, but institutions also want to keep politics out of the office.

The $3.1 billion-asset institution's product will not carry any fees and offers a variable APR.

It's increasingly unclear when — or even if — Kyle Hauptman will be confirmed to the board of the National Credit Union Administration.

Last year, credit unions surpassed 291 million members in 118 countries.

Increases in attacks, escalating money demands and the security challenges of having people work from home are magnifying the threat.

The industry says the 2017 cut in the corporate rate helped position lenders to support the economy when the pandemic hit. But a plan proposed by Democratic nominee Joe Biden could strain banks' capital investment and hiring, observers say.

The new name is the third time the association has modified its name since leagues for the two states merged in 2007.

Second-quarter data for credit quality defied conventional wisdom, but experts said that these numbers are being artificially helped right now and the worst is yet to come.

The number of religiously affiliated credit unions continues to dwindle and many have changed their name as part of a push to diversify their fields of membership.

Credit union groups continue to make ad buys for industry-supported candidates in advance of Nov. 3, but recent positive economic news could be short-lived.

The expansion will give the $416 million-asset institution a deeper reach into southern parts of the state.

Ownership will transfer to DotCoop, which has committed to continuing to develop the domain for industry use.