After years of interest rates near 0%, credit unions were pleased by the Federal Reserve’s Federal Open Market Committee decision to raise the Fed Funds rate.

Filene Research Institute announced that Summit Credit Union, a $2.3-billion institution based in Madison, Wis., signed up to participate in a Filene Impact Lab program called “Larky.”

Raddon Financial Group, a provider of financial industry research and trends data, said in 2015 it added 50 new financial institutions as clients, including 40 credit unions. The remaining 10 comprised seven banks and three other institutions.

Though happy with some of the changes the agency made to its final IOLTA rule, CUNA and NAFCU cited areas where the regulator could have done more to improve the landscape for CUs.

Sen. Bob Corker championed a provision he added to the budget bill that would temporarily prevent the Treasury Department from recapitalizing Fannie Mae and Freddie Mac and discussed other banking priorities in a sit-down interview with CU Journal affiliate American Banker.

Despite months of intense lobbying, the financial services industry failed to secure a number of key reforms in Congress's must-pass spending package, unveiled Tuesday night.

TILA/RESPA Integrated Disclosures, less affectionately known by mortgage providers as TRID, represented a sea change for the home loan industry. The new disclosures were mandated by the Consumer Financial Protection Bureau to "streamline" the home loan experience for consumers, but they resulted in a great deal of extra effort by credit unions and their vendor partners.

Two New Mexico credit unions became the first credit unions in the state to earn the “Juntos Avanzamos” designation.

Auto Financial Group (AFG), a provider of financing products for credit unions and banks, said its year-to-date growth figures show increasing momentum in new customer signings for AFG’s balloon lending and remarketing programs.

Credit risk, interest rate risk and cybersecurity concerns pose growing risks to banks in the first half of 2016, according to a semiannual risk report issued Wednesday by the Office of the Comptroller of the Currency.

LINO LAKES, Minn. — Core processing provider Sharetec System, based here, said Stepping Stones Community Federal Credit Union in Wilmington, Del., has converted to the Sharetec Core system.

Former NCUA Chairman Michael Fryzel urges the current regulatory board not to change course on its FOM reform efforts as a result of litigation threats from community banks.

Municipal Employees Credit Union Of Baltimore (MECU), a $1.2-billion institution based in Baltimore, Md., said its members received a loan interest rebate last week and will receive an “extraordinary dividend” at the end of this month.

Ascend Federal Credit Union, a $1.8-billion institution based in Tullahoma, Tenn., said it has issued bonus dividends and loan interest refunds totaling more than $6 million.

News that two suspected terrorists took out a loan with a prominent marketplace lender has fueled fears online lending could be more susceptible to terrorist financing.

First Financial names new CEO, Net Credit Union appoints new CFO and more CU executive moves.

BROOKFIELD, Wis. — Thirteen credit unions have implemented Fiserv Inc.'s Portico core account-processing platform with integrated solutions so far this year.

LA CROSSE, Wis. -- Marine Credit Union announced Monday that it has completed its merger with United Service Community Credit Union.

Citing rising compliance costs and regulatory burdens, some federally insured credit unions, state leagues and trade groups have been asking the National Credit Union Administration to increase the time between CU examinations.

A lot happened in 2015 to advance digital security, but a lot also happened to challenge the status quo and force merchants and financial institutions to rethink their strategies. Here are some of the key changes that took place in the past year.