Fannie Mae and Freddie Mac executives warned that their solid first-quarter profits are unsustainable and the government-sponsored enterprises remain in a precarious condition because they are restricted from building capital.

INDIANAPOLIS — Eli Lilly FCU will take a $26 million loss on default-prone loans to students enrolled at ITT Technical Institute, owned by ITT Educational Services, a for-profit college chain sued in February by the Consumer Financial Protection Bureau for alleged predatory lending practices.

Saying it's his first "temp job" since college, interim CUNA President/CEO Bill Hampel says business at CUNA—including addressing credit union concerns over the structure of the trade association and state leagues—will keep moving.

DENVER — A bill to establish a financial services co-operative to serve licensed marijuana dispensaries in the state was passed Wednesday by Colorado lawmakers.

DENVER — A bill to establish a financial services co-operative to serve licensed marijuana dispensaries in this state cleared the Colorado House and has moved on to the Senate.

Bill Hampel will take over as interim president and CEO of CUNA on June 11, succeeding chief executive Bill Cheney, the trade association announced Wednesday.

HUNTINGTON, W.Va. — A man waking up from a drug-induced high found himself locked inside a credit union.

WASHINGTON – It was a big day for credit unions on Capitol Hill Tuesday, as three bills that aim to give CUs some long-sought regulatory relief passed the House of Representatives.

The chief operating officer of the Federal Housing Finance Agency is facing a felony charge for threatening to kill the agency’s former top official, according to Washington, D.C. police and Superior Court records.

Toro Employees FCU has converted to CU*Answers' CU*BASE core data processing platform.

WASHINGTON — The Senate Banking Committee continued negotiations over the weekend on landmark legislation to overhaul the mortgage finance system, but it remains unclear when, or if, panel leaders will reschedule a key vote on the bill.

An armed robbery at a local credit union Monday prompted a brief lockdown of an area school.

ARLINGTON, Va. — Brenda Turner has retired after 22 years as president and CEO of Arlington Community Federal Credit Union.

SPOKANE VALLEY, Wash. — Numerica Credit Union is the first financial institution in the state of Washington that will accept business from recreational marijuana processors and producers, according to the Washington Liquor Control Board.

AUSTIN, Texas — Consumers, in growing numbers, are turning to mobile exclusively for their remote banking needs, and CUs are doing a better job than banks at signing up mobile users.

Target CEO Gregg Steinhafel is stepping down as chairman, president and CEO, effective immediately, Target's board announced May 5.

A selection of images featuring credit unions' efforts in their communities.

Are you passionate about credit unions? Do you feel strongly about where the community is moving? Credit Union Journal wants to hear from you — and now it's easier than ever to be heard.

BALTIMORE — More than a quarter of a million videos turn up on YouTube when users search for the words "credit union."

PLEASANTON, Calif. — The writing is not on the wall — it's on your phone.