COLORADO SPRINGS, Colo. — In a special member vote, Ent Federal Credit Union members approved a proposal to convert from a federal charter to a state charter.

WASHINGTON — The House passed a massive $340 billion transportation bill on Thursday, striking two key provisions hated by the banking industry while adding several other measures that could affect financial institutions.

Financial institutions are often thought of as major consumers of technology, but a pair of recent examples show that more tech is being developed in-house and, once proven feasible, monetizing it. Expect more spin-offs, observers predict.

Just as the California and Nevada Credit Union Leagues' annual meeting was kicking off on the West Coast, the New York Credit Union Association announced it is calling on the CUNA Board to reconsider a task force's recommendation that the dual CUNA/League membership requirement be eliminated, making it one of the hottest topics on tap at CCUL/NCUL meeting in Palm Desert, Calif.

Heart O' Texas Federal Credit Union, a $55-million institution based in Waco, Tex., named Melissa Hagenbuch as its new president and CEO, effective Dec. 7.

The heads of CUNA and the California and Nevada Credit Union Leagues argued now is not the time for CUs to break up the CUNA/state league system that works well together.

Two more state leagues have come out on whether credit unions should be required to belong to both CUNA and their respective state leagues.

WASHINGTON — House Financial Services Committee Chairman Jeb Hensarling, R-Texas, is attempting to add 15 different bills to legislation that would secure funding for transportation projects.

Automobile lending reached its highest level ever at the end of the third quarter while showing few signs of credit weakness, the credit bureau Experian reported Wednesday.

CO-OP Financial Services and Share One Inc. announced they are forming a partnership through which Share One’s clients will be offered an interface between its NewSolutions core processing software and CO-OP’s electronic payment services.

There is no reason to wait—and every reason to move—on improving the way the agency handles complaints related to exams and examiners, according to J. Mark McWatters, a member of the NCUA Board.

WASHINGTON — Though the deadline for compliance is more than two years away, lenders are already warning that they do not have enough time to comply with a new rule that requires institutions to report additional data to regulators on home loans.

Board chair to serve on mayoral transition team, former police chief named to supervisory committee and other CU pros and volunteers make headlines.

SAN ANTONIO – H E B Federal Credit Union on Tuesday said it selected Ongoing Operations to move the CU’s IT infrastructure to the cloud.

Jersey Shore Federal Credit Union and Atlantic City Firemen's Federal Credit Union, both located in Northfield, agreed last month to merge. They expect the merger to be completed on Jan. 31, including all systems conversions.

Banking regulators have been coy about whether they approve serving marijuana businesses, but lately one regional Fed bank has taken a strong position against the practice. But there are nearly three dozen Fed-supervised banks serving pot companies — one of many seeming inconsistencies in an opaque and confusing regulatory policy.

The Federal Financial Institutions Examination Council issued a joint statement Tuesday advising financial institutions to take steps to defend against cyber-ransom attacks.

Financial services technology company Fiserv and bank-owned risk management provider Early Warning are partnering to add scale for deposit accounts and bill payment services.

EL SEGUNDO, Calif. — Xceed Financial Credit Union is preparing to launch a new CUSO offering an array of interrelated products and services primarily aimed at bolstering loan growth.

Google, Amazon, Apple, PayPal and Intuit have joined forces to promote policies they say will foster greater innovation in financial services.