Car loans make up about a third of credit unions' total lending portfolio, and any drop in that sector could resonate across the entire industry.

CUs in the Eastern European nation were originally shuttered out of fears they could further the spread of COVID-19 but have been allowed to resume operations provided certain safety precautions are met.

Cobalt Credit Union is currently a state-chartered institution but is looking to once again become a federal one because of Iowa state taxes.

The Oregon-based institution is the latest to offer bonus pay for branch staff facing additional risks by coming to work.

Limiting access to branches because of the pandemic has forced executives to re-examine whether they offer enough mobile and online services.

The insurance and research company expects the U.S. to fall into a recession as unemployment spikes and the GDP declines.

If Capitol Hill plans another round of stimulus, Democrats could have more leverage to demand steps such as suspending overdraft fees – a measure which could have a big impact on credit union revenue.

South Jersey Gas Employees Federal Credit Union will merge into Jersey Shore Federal Credit Union on June 1.

The number of deals per year was declining even before the pandemic, and it's unclear when things might pick up again.

Alabama Rural Electric Credit Union will merge into Alabama One later this year, creating a combined institution with a reach across 57 counties.

For the second time in a week, the National Credit Union Administration has delayed the deadline for public comment on a proposed regulation.

Last month's enforcement actions included the former CEO of Western Heritage Federal Credit Union in Alliance, Neb.

CUs in the Eastern European nation don’t offer online financial services, meaning a predominantly older membership base could be at increased risk for contracting COVID-19.

Some institutions have seen application volumes rise by more than 300% following the Fed's emergency rate cuts, but there are fears that CUs who bulk up on home loans now could pay the price later.

The regulator will provide $4 million in loans and $800,000 in grants so institutions can assist their communities during the pandemic.

The St. Paul, Minn.-based institution will provide a 20% bonus to member-facing staff who are at additional risk during the outbreak since they are "essential employees."

With branches closed and fewer opportunities for credit unions to have in-person interactions with members, the pandemic has reiterated the need for digital transformation in the industry.

The industry still grapples with stopping corrupt employees — the failure of CBS Employee FCU last year highlights that — and now that could become even harder with the pandemic.

A host of industry events have been rescheduled due to the outbreak, with postponements now stretching into mid-May.

The regulator formally announced the 60-day delay on Monday after tweeting about it over the weekend.