The man who took 11 Alabama Credit Union employees hostage during an attempted robbery in January has reportedly told police he needed the money to pay for court costs in in a separate criminal case.

The regulator cited "operational weaknesses" as the reason for conservatorship.

The regulator also provided updates on investment performance, expenses, CAMEL codes and more.

The payout for 2016 brings CO-OP's total patronage to nearly $400 million since 1996.

After 53 years of service, Gene Brody passes the gavel to EVP Anthony Grigos. Brody will continue to serve as board treasurer and chief strategy officer.

Credit unions are giving back in a big way.

Indianapolis-based CU has operated an insurance CUSO since 2004.

Credit unions have long been the beneficiaries of the Community Development Financial Institution grant program and are loathe to see it nixed.

Study aims to help CUs tackle "hard choices" with implementing the upcoming credit loss accounting standard.

The move -- a "co-branding partnership," as the two CUs called it -- is believed to be the first of its kind in Hawaii.

One VP earns a special recognition from a local organization and other awards, new hires and promotions at credit unions across the country.

All six credit unions will utilize Fiserv’s DNA core platform, extending contracts with the technology provider that go on for more than 20 years.

Cloud-based disaster-recovery strategies allow a growing number of credit unions to focus on members and staff, rather than hardware, when things go south.

The On the Rise Financial Center will provide consumers with affordable financial products and financial literacy training.

Three years after retiring, Darrell Merkel is returning to SAFE FCU, this time as CEO.

Credit union will switch May 1, becoming the 20th Share One client in California.

U.S. Rep. Rod Blum spent a day at Dupaco Community CU's Sycamore branch, working the teller line, using the cash dispenser and learning more about the credit union movement.

Credit unions across the country are looking for talent, both internally and externally, leading to a bevy of promotions, appointments and new hires.

What you need to know to capitalize on the FOM rules