The Michigan institution's asset base increased substantially in 2019 thanks to a merger but has continued to grow in 2020.

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.

Fed Chair Jerome Powell will address lawmakers twice this week while the Supreme Court could come out with a long-awaited ruling on the Consumer Financial Protection Bureau.

Some institutions may want to consider self-insurance to lower expenses as the coronavirus cuts into earnings.

Mobile banking use has swelled since the pandemic hit, and law enforcement officials expect hackers to target the credentials of digital novices. The FBI stressed the importance of two-factor authentication and ensuring consumers know how to spot fake apps that carry malware.

Credit unions are once again opposing language in draft legislation of the 2021 National Defense Authorization Act that would allow banks to rent space on military bases for free.

First-quarter income for credit unions chartered in the Badger State increased by about 6% from the same period one year earlier.

Members at Malheur Federal Credit Union will vote later this year on whether to join Medford, Ore.-based Rogue.

The industry was well positioned in terms of net worth before the pandemic and recession, but some institutions could run into issues with sluggish earnings and a surge in deposits.

The Odon, Ind.-based credit union would gain six branches by acquiring Community State Bank of Southwestern Indiana.

The regulator cited "unsafe and unsound practices" at the Georgia-based institution, which is the first credit union to be conserved this year.

In the wake of the pandemic, Americans are taking on more debt to cover expenses. That could signal an opportunity for growth in some unsecured lending products.

A memorandum of understanding will include webinars and training events to increase the industry's understanding of Ex-Im products.

Financial institutions in Oklahoma are collaborating to make mail-in voting easier.

Michele Dean takes the helm from Ralph Spencer, Jr., who will retire later this month.

In an effort to help the industry manage the economic downturn, some credit unions won't be required to submit plans to lower their retained earnings for the rest of this year.

The industry granted about 21% of these loan applications after three months of record lows.

President and CEO Vickie van der Have will retire on July 1, capping a 43-year career in credit unions.

Financial institutions and prepaid card providers have played an unwitting role in scams that have stolen billions of dollars from state unemployment insurance programs, whose payouts soared after coronavirus shut down the economy.

Credit unions have been encouraged to help members in a prudent and fair manner but that also means properly documenting the decision-making process.