Utah Community Credit Union and state officials as part of an experiment are letting consumers use electronic ID to open accounts and conduct other business. It's easier said than done.

MDI credit unions added about 400,000 members, assets of $10.6 billion and six new credit unions in 2020, according to the National Credit Union Administration.

The approval broadens Excel’s membership to anyone in Gwinnett, Hall, Forsyth and Fulton counties.

The leaders of the largest credit union trade groups are back on the road visiting members, and the organizations are also planning live conferences this year.

The combined company will operate under the Royal name and leadership.

Splash recently raised $44 million from investors. It plans to use the funds to aid small institutions that lack the resources to build their own loan platforms but are flush with deposits and looking for new lending opportunities.

MidUSA Credit Union in Middletown, Ohio, and Heartland Federal Credit Union in Dayton have combined to form MyUSA Credit Union, which will operate nine branches in the Miami Valley and hold roughly $350 million of assets.

The chief financial officer, Doug Fagan, will succeed Sundie Seefried, who is retiring.

Most credit unions don’t offer planning services, and affiliating with the No. 1 IBD could help CUNA Brokerage change that, the firm’s president says.

Cannabis, though still illegal at the federal level, continues to inch into the financial mainstream. Small credit unions and lenders as large as Valley National and East West have moved beyond just taking deposits from marijuana companies.

Isaac Johnson had been running the organization on an interim basis.

Michigan Legacy Credit Union is increasing its minimum hourly wage by 23% to $16, adding annual costs that equal nearly half of its first-quarter profit. The expense is worth it to compete with banks that have boosted pay, its CEO says.

Acquiring Pilot Bank would allow the credit union to serve members who live or vacation in Florida. The deal is the fifth deal this year in which a credit union is purchasing a bank.

The Brunswick, Georgia, credit union has hired Mary Jenrette, who was most recently senior vice president of private wealth management at the bank.

Bank lobbyists are once again calling on Congress to reexamine credit unions’ tax-exempt status, this time citing the proliferation of bank acquisitions by credit unions. So far, their pleas have gone largely ignored.

Daniel Baines is stepping down after 40 years in the Michigan credit union's top role. He will be succeeded by Joseph Heintskill, its chief financial officer.

Car sales are booming, but credit unions are financing fewer purchases of new vehicles as borrowers migrate to digital channels.

The National Credit Union Administration granted approval to expand its charter and membership to Baltimore City and the counties of Baltimore, Carroll, and Harford, Maryland.

Eric Brubaker is leaving after 25 years with the organization. Executive vice president Carrie Iafrate was named his successor.

Harold Dixon will leave the role after 24 years at the Santa Fe credit union. Andy Ramos, senior vice president at Redwood Credit Union in California, will succeed him.