KINGSPORT, TENN. — Eastman Credit Union announced over the weekend that it will issue a $10 million extraordinary dividend to members as a reward for doing business with the CU.

Lenders and servicers weary from a raft of regulatory changes in recent years may see some respite in the next 12 months.

Peoria, Ill. – Citizens Equity First Credit Union (CEFCU), a $5.2-billion institution based in Peoria, Ill., said its board of directors has issued a $40 million “extraordinary dividend” to its members for the second consecutive year.

Credit Union Journal's editor in chief invites you to share how you think this year—chock full of newsworthy events—should be remembered.

NCUA on Thursday said it has reached a settlement with Morgan Stanley, as the company agreed to pay $225 million to resolve claims arising from losses related to corporate credit unions’ purchases of faulty residential mortgage-backed securities (RMBS).

Despite strong calls for action, issue may languish until after the presidential election.

After more than a year of debate, the trade association is amending its bylaws that required credit unions to belong to both CUNA and their respective state leagues. Credit Union Journal offers a look at how the debate finally got to this point.

Despite getting off to what CUs likely consider a rocky start with the agency’s second attempt at RBC, industry observers say Matz came through on her promise of a ‘Year of Regulatory Relief.’

The credit union industry as a whole continues its streak of strong quarterly results, but the “great divide” between large and small CUs still exists.

The $69.4 million CU announced Thursday that Michael Abraham, the vice-president of operations, will take the helm on Dec. 24.

In dramatic move, trade group says it will draft new bylaws and present to membership in early 2016.

COLUMBUS, Ohio — The first day of 2016 will be the first day Jeff Carpenter is president and CEO of $260 million CME Federal Credit Union, as current chief executive Jim Riederer will retire on Dec. 31.

More C-Level executives named and other new hires and promotions at credit unions across the country.

Now that the state House of Representatives has passed the legislation, all eyes turn to the state Senate, where the Michigan CU League expects to find strong support for the modernization effort.

Indications of fraud ebbed when refinancing was more prevalent, but now that home purchases are picking up, misrepresentations could increase, too.

Bob Fouch, president and CEO of Corporate Central Credit Union for 25 years, announced his retirement Thursday.

The window is rapidly closing for the inclusion of key credit union measures in the budget package as lawmakers remain sharply divided over the bill.

The House Financial Services Committee approved a data security bill Tuesday that would require all companies that handle sensitive financial data to have similar security protections and notification requirements as financial institutions.

NAFCU has promoted Carrie Hunt to executive vice president of government affairs and general counsel.

CU*NorthWest on Tuesday said two more credit unions have signed with the CUSO for their core processing needs: Northern Colorado Federal Credit Union, Greeley, Colo., and Comunidad Latina Federal Credit Union, Santa Ana, Calif.