The push to raise the statutory limit on credit union member business lending got a boost Thursday when three U.S. Senators introduced a bill that would allow NCUA to raise a credit union’s MBL cap to 27.5% of assets, from the current limit of 12.25%, provided the CU met certain requirements.

The federal regulator released its quarterly report showing which states are experiencing the fastest and slowest growth in a number of key areas from loans to deposits and more.

Bethpage Federal Credit Union in New York has passed $1 billion in total balances of home equity lines of credit.

Core processor taps new CEO, systems analyst recognized for “Core Values” and other CU people in the news.

NCUA has launched an improved online Consumer Assistance Center (CAC) technology designed to make it easier and more efficient for consumers to make requests or file complaints.

Most users don't understand how either tokenization or blockchain works to protect their payments, but a combination of regulatory concerns and a recent Bitcoin-related scandal in the credit union industry is keeping tokenization on top, at least for now.

To made an educated decision on changing NCUA's examination cycle, all of the stakeholders need to have a frank discussion — but they also need to come to the table with open minds, suggests Michael Fryzel, former NCUA Board chairman.

St. Cloud Federal Credit Union, a $116-million institution based in St. Cloud, Minn., said it has launched a new "brand package" which features a new logo and the slogan: "bank on a meaningful difference."

The League of Southeastern Credit Unions (LSCU), which represents CUs in Florida and Alabama, is preparing to roll out the latest round of ads in its cooperative image campaign, which has helped boost credit union membership in both states.

Some argue directors already are being compensated, albeit not in the form of actual salaries, other argue compensation of any sort dilutes the power of something long held to be a backbone of the movement: its volunteers.

Nearly 20 trade groups representing lenders, banks, credit unions, title companies and others are urging federal regulators to provide guidance on how they plan to enforce a new mortgage disclosure regime that goes into effect Oct. 3.

LINO LAKES, Minn. — Core processing provider Sharetec System said it has teamed up with ProPay to provide credit unions a payment solution for their members.

Congress will kick off a busy session on Tuesday when lawmakers return from summer break, with a number of key financial services priorities up for consideration.

PenFed Foundation selects a president and an executive director, and other appointments, promotions and new hires.

The credit union's regulator received nearly 3,100 comment letters tied to plans to loosen restrictions on business lending, and despite the proposal's popularity among credit unions, the majority of letters opposed the changes.

Database Marketing Agency Corporation, a provider of business intelligence and smart data analytics technology for the financial industry, on Thursday said it is combining operations with Baker Hill, a provider of relationship management, credit-origination and risk-management solutions.

With the price of season tickets for college and professional sports soaring, credit unions might want to explore this lending opportunity.

The amount of data your credit union is collecting is only growing. Do you know how you're handling-and leveraging-it?

Industry best practices that will help drive success include defining the desired loan volume, determining the CU's risk tolerance and establishing appropriate underwriting guidelines.

It's easy to forget the extent of a tragedy years later, unless you've seen it up close and personal-and then you just might wish you didn't remember.