HOUSTON — Larry Seidl is set to take over as CEO of Smart Financial CU here after current CEO Gary Tuma retires at yearend. Seidl currently serves as SVP and chief lending officer at the $632 million-asset credit union.

After years of heated debate, NCUA Chairman Debbie Matz has announced the federal regulator will open up the methodology it uses to calculate the OTR to public comment. Here, CU Journal offers a look at how and why OTR was created, and how we got to this point.

The National Association of Federal Credit Unions is calling for stricter regulation of marketplace lending.

ALEXANDRIA, Va. — NCUA Chairman Debbie Matz said the agency will formally invite credit union stakeholders and the public to comment on the methodologies for calculating both the overhead transfer rate and the federal credit union operating fee.

As Samsung Pay’s Sept. 28 launch date nears, industry analysts and credit unions alike have measured expectations due to uncertainty surrounding the platform it will use.

The Iowa Credit Union Division on Friday was granted authority by a District Court to place SCICAP Credit Union, based here, into receivership.

To understand this massive storm's impact, said Mississippi CU Association CEO Charles Elliott, "you must comprehend that people lost their past, their present and their future. For some, there was no evidence they ever existed."

Credit unions are taking the lead in raising money for wildfires that have spread from Oregon to Washington to Idaho.

Time is running out to submit nominations to Credit Union Journal's 2015 Best Practices Awards program. Submissions are being accepted through Tuesday.

NCUA announced it has approved a charter for Redeemer Federal Credit Union, making it the fourth new federally chartered credit union of 2015.

TUSCALOOSA, Ala. — At least one person wasn't surprised by the Alabama Credit Union Administration's decision to conserve Alabama One CU: its former CEO.

Ten years after Hurricane Katrina wreaked havoc along the Gulf Coast, many credit unions in the area appear to have rebounded, having learned some painful lessons along the way.

Technology provider Hyland on Thursday said five Canadian credit unions have selected the company's OnBase solution to eliminate paper, automate processes and increase member service.

The Alabama Credit Union Administration on Thursday placed $598 million Alabama One Credit Union, based here, into conservatorship.

A look at where credit union branches are being closed faster than they're being opened.

Sure, credit unions don't keep track of extramarital affairs, but the recent Ashley Madison breach demonstrates that financial information isn't the only sensitive data out there that needs to be protected.

Frequently reserved for large, international banks, Celent's Model Bank awards program tapped Maps CU for the coveted Innovation Award.

VolCorp, Delaware League announce new board officers, and more new hires, promotions and honors.

Loans to first-time homeowners and others with low credit scores are a big part of the Federal Housing Administration’s growth in purchase mortgages since the agency cut premiums.

MADISON, Wis. — CUNA on Wednesday announced the four recipients of the 2015 Community Credit Union of the Year Award.