Open banking could help credit unions retain and attract new members but concerns remain around data privacy.

Credit unions are investing in their communities in a variety of ways, including teaching financial literacy at a summer camp and donating money to local libraries.

Jason S. Lee is joining the Summerville, S.C.-based institution as president and chief operating officer but he will eventually take over as CEO.

Loan balances at the end of the second quarter were up by double digits from a year earlier for the Honolulu-based institution.

Once the merger between Infinity FCU and Vibrant CU is completed, the combined institution will have 17 branches across five states.

Credit unions have announced a number of new hires and promotions in areas such as lending and retail operations.

The pilot program will give out grants up to $25,000 so smaller low-income minority depository institutions can set up mentoring programs with larger credit unions.

This type of fraud could increase as criminals become more sophisticated and look for new ways to land a payday.

Those that were prohibited from working at federally insured institutions include a former credit union employee who pleaded guilty to money laundering and embezzlement.

Sean Daly, the Middletown, R.I.-based institution's CFO, will take over as president and CEO when Ellen Ford steps down in November.

As management teams meet to set their priorities, there is a range of issues, including consolidation, cybersecurity and succession planning, that will likely come up.

The credit union service organization said the move was part of its focus on marketing technology products.

The Boulder, Colo.-based institution will now serve a dozen counties in its home state.

A new study from WalletHub ranked each state according to the credit card debt consumers have racked up.

Lisa Perrin will take over at the Massachusetts-based institution when President and CEO Karen Duffy retires.

The Las Vegas-based institution said its income for the first half of the year was down as it put more into its loan-loss provision.

Credit unions will be covering a range of important issues, including community development and enterprise risk management, as they review their operations.

Credit unions are making donations to fight homelessness, provide scholarships for college students and help out with other causes.

The Senate is also expected to pass a budget deal that will increase spending and suspend the debt ceiling.

Locations with a welcoming atmosphere and the latest technology can be a key part of a credit union’s marketing strategy.