An April survey from Clever Real Estate also found that potential home buyers and sellers have put their plans on hold.

The push to revive the District charter began in 2001, nearly 40 years after the original rule was repealed and CUs there adopted the federal charter.

Industry giving is likely to decline in the wake of the pandemic, but it could force the movement to update its giving platforms.

COVID-19 diagnoses in McKinley County, which includes Gallup, account for nearly a quarter of the state's cases. That has forced officials to take drastic action.

Even CUs that don’t directly serve the oil and gas industry are likely to be impacted, experts say.

A letter from Todd Harper, a member of the National Credit Union Administration board, called on lawmakers to make a variety of legislative changes to help credit unions and consumers weather the pandemic.

TruStone Financial and Firefly Credit Union have announced plans to merge, pending regulatory approval and charter changes.

Employees of the $2.9 billion-asset credit union will receive one-time payments of $1,000, though executives and senior leaders are excluded.

Industry groups have called for a variety of measures to help CUs weather the pandemic’s economic fallout, including more money for funds that aid community development financial institutions.

The $468 million-asset institution said expansion isn't required now but the move is a proactive attempt to ensure its long-term viability.

Credit unions moved quickly to reduce branch access as the coronavirus crisis worsened. The harder decision will be when and how to begin lifting those restrictions.

The integration of Habersham Federal Credit Union into HALLCO Community Credit Union is expected to take several months.

The regulator banned a former employee of a Philadelphia-based credit union from working at any federally insured financial institution.

Rodney Hood, chairman of the National Credit Union Administration, told the Financial Accounting Standards Board that complying with the Current Expected Credit Losses standard could adversely impact the industry's net worth.

Nearly 70% of U.S. adults between the ages of 26 and 40 said their earnings had been negatively affected by the outbreak, about 10 percentage points higher than other age groups.

Consumers are using their debit and credit cards less, and that's causing a decline in interchange income for credit unions and banks.

Members of Maryland-based GEICO Federal Credit Union are set to vote on whether to merge into Illinois-based Baxter Credit Union.

The company’s latest Credit Union Trends Report predicts that membership and lending will stall as job losses rise and consumer demand for loans dries up.

Rodney Hood, chairman of the National Credit Union Administration, says the agency's Central Liquidity Facility can be a vital backstop if a crisis occurs, but it will be stronger if more credit unions chip in to make it a success.

N.W. Iowa CU has agreed to merge into Siouxland FCU, citing rising technology costs and an increasingly complex compliance environment.