Fannie said it will immediately begin accepting applications for fixed-rate 97% loan-to-value financing of borrowers with Fico scores as low as 620. Freddie, meanwhile, took a more cautious approach, delaying the start of the program, requiring credit counseling, and in some cases only allowing Fico scores as low as 660.

OGDEN, Utah — Members at Goldenwest CU here earned a total of more than $1 million in bonus dividends paid out by the credit union for 2014.

GENEVA, N.Y. — Finger Lakes FCU President/CEO Kathy Crelot is stepping down after 15 years with the $102 million CU.

NAPERVILLE, Ill. — The Illinois CU League and ICUL Service Corporation (LSC) have announced a new alignment that they believe will help both organizations grow and innovate.

The Federal Housing Administration (FHA) announced that limits on "conforming loans" — mortgage loans which conform to guidelines of government-sponsored enterprises like Fannie Mae and backed by the federal government — will remain largely unchanged next year.

Financial institutions in New York State are concerned that a slate of tough new regulations approved by Gov. Andrew Cuomo concerning the conduct and practices of third-party debt collections may eventually expand into their in-house collection operations.

A look at the way CUs demonstrate 'the difference' in the communities.

WASHINGTON — Credit unions aren't the only ones bracing for changes to rules related to risk-based capital and risk weights.

Coastal Federal Credit Union has established a "digital banking" division to handle the increased demands of its membership for online and mobile services.

The football rivalry between the University of Southern California and Notre Dame University dates back to the 1920s, and the past two years the credit unions that serve the two schools got involved with a contest of their own.

WICHITA, Kan. — With an eye toward growing talent, building leadership skills and helping credit unions, the Kansas Credit Union Association has created CUlead: Leadership Excellence and Development.

Sun Center FCU in LaGrange, Ohio, is merging with Firefighters Community CU, Cleveland.

ALEXANDRIA, Va. — Loan balances at credit unions are by more than 10% year-over-year for the third quarter, according to new data released Thursday by NCUA.

WASHINGTON — NAFCU's board is meeting with senior officials of the Federal Reserve Thursday to discuss key credit union issues, as well as to present findings from trade's annual report on the movement.

WASHINGTON — The Cooperative Trust, the group for young professionals within the credit union movement, is calling for applications to "crash" CUNA's 2015 Governmental Affairs Conference.

Mountain America Credit Union, in West Jordan, Utah, and Les Bois Credit Union, in Les Bois, Idaho, will merge effective Jan. 1. Mountain America will have 82 branches, making it the country's fifth largest CU branch network.

DENVER—As the Consumer Financial Protection Bureau prepares to establish national rules regarding payday lending, the success of Colorado's payday lending law may provide some type of model for federal action on matter. But the credit union community is cautioning that a closer look is necessary.

Metropolitan Church of God CU in Detroit has been liquidated by the Michigan Department of Insurance and Financial Services, with NCUA serving as liquidating agent.

A look at the most recent promotions, new hires and special recognition at credit unions from around the nation.

The House passed a CU-backed bill Tuesday to study the effects of a Federal Reserve Board rule restricting the number of transactions customers can make with their savings accounts each month.