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Motorola Employees Credit Union (MECU), a $901-million institution based in Schaumburg, Ill., said it will change its name to Andigo, most likely in September of this year.
May 19 -
New Chairman Rick Metsger said the regulator will likely extend due date for second quarter call reports because of July 4th holiday and expects to establish end-of-month deadline by the end of the year.
May 19 -
A fresh crop of chief lending and operations officers and a host of new senior executives appointed at credit unions across the country.
May 19 -
The Michigan State Senate passed a package of credit union bills that amends the Michigan Credit Union Act for the first time since 2003. The CU-friendly legislation is expected to pass the House and be signed into law by the governor by the middle of next month.
May 19 -
The bureau said Wednesday that it plans to hold a public hearing in Kansas City, Mo., to discuss small dollar lending. The hearing will be held at the Kansas City Convention Center and will feature remarks from CFPB Director Richard Cordray, as well as testimony from consumer groups, industry representatives, and the public.
May 19 -
Rep. Maxine Waters, the top Democrat on the House Financial Services Committee, introduced legislation Thursday to reform consumer credit reporting.
May 19 -
A study commissioned by the Massachusetts Bankers Association found a correlation between a spike in credit unions with low-income designations and an increase member business lending in the state.
May 18 -
The Consumer Financial Protection Bureau's proposal to restrict the use of arbitration clauses would allow it to seize enormous amounts of data from financial firms that could lead to more enforcement actions, according to industry lawyers.
May 18 -
On tap at Thursday's NCUA Board meeting: the first-ever public briefing to board members on a proposal that is still under construction, a move that is aimed at creating a rulemaking process that is more open and accessible to all stakeholders.
May 18 -
Sb1 Federal Credit Union, a $634-million institution based in Philadelphia, will change its name to Ardent Credit Union, effective June 14.
May 18 -
Social Security Numbers may as well be the keys to the kingdom where cybercriminals are concerned, making any business that collects that dataincluding credit unionsa prime target for hackers.
May 17 -
Leaders of eleven American Catholic credit unions announced today the formation of a collaborative association, Catholic Credit Unions of America (CCUA).
May 17 -
Financial institutions have a hard time figuring out millennials, those born between the early 1980s and 2000. Many millennials dont remember a world without the Internet, plenty entered adulthood during the thick of the financial crisis and the generation is broadly considered one willing to vote with its feet. Several firms have tried to demystify millennials for credit unions and banks. The following is a look at some of the data.
May 17 -
Farm Credit Employee FCU in St. Paul, Minn., has chosen Sharetec as its new core system, the company announced in a Tuesday press release.
May 17 -
COMPASS 4 CUs, the Woodbridge, Va.-based credit union service organization (CUSO) that specializes in regulatory compliance, said effective May 1, ownership of the CUSO was transferred from Belvoir Federal Credit Union to Pentagon Federal Credit Union (PenFed) in connection with the merger of those two credit unions.
May 17 -
The Summit FCU CEO Mike Vadala and Georgia CU Affiliates CEO Michael Mercer earn special awards and more CU advocates in the news.
May 17 -
For the next three years Scott Credit Union will sponsor Major League Baseball's St. Louis Cardinals franchise, winners of 11 World Series.
May 17 -
The Merchant Customer Exchange, a retailer-backed mobile wallet venture of over three years in the works, has postponed its plans for a national rollout of its mobile wallet.
May 17 -
Two California credit unions, Eagle CU in Lodi and UNIFY Financial CU in Torrance, plan to merge.
May 16 -
CU Companies plans to expand into five additional states.
May 16






