CUSOs

In a party-line vote, the agency issued a proposal that would redefine a "complex" credit union.

Lenders are struggling to deploy deposits into interest-earning assets, and changes to post-secondary education may further limit these options.

Along with the assets-under-management milestone, Michigan Business Connection noted that its partner credit unions have financed more than 1,000 Paycheck Protection Program loans.

Nick Darvill, who is currently president of the credit union service organization, will take over as CEO when Jim Gallagher retires from that position.

CU Service Network has split into two divisions as part of a wider rebranding effort.

Speaking during the CUSO's virtual Member Forum, PSCU CEO Chuck Fagan noted that some data shows the economy may be beginning to rebound from the coronavirus, but some sectors are still struggling.

Jamie York has taken the helm at Neighborhood Mortgage Solutions as CEO Greg Wischmeyer prepares to retire.

For the second time in a week, the National Credit Union Administration has delayed the deadline for public comment on a proposed regulation.

The NACUSO annual gathering and a new event focused on cannabis banking for the industry have both been shuttered.

Prodigy, a fintech focused on mobile solutions for credit unions, has a new CEO in the wake of a retirement.