Deposits

The bank will pay over $15 million in restitution and fines to settle claims that it neglected stop-payment requests and reopened deposit accounts without customers' consent.

New CEO John Turner hasn't fully laid out his vision for the future, but it clearly will involve hiring specialized lenders, balancing labor-saving AI with old-fashioned relationship building, and more streamlining.

As 2018 draws to a close, here's one more look at some of the year's most interesting stories and a glance at what 2019 may have in store for credit unions.

Legislators' attempts to reopen the government could hamper credit union advocacy priorities as the new Congress convenes.

On Sep. 30, 2018. Dollars in thousands.

Amid rising rates and a surge in lending, credit unions will need to find additional sources of deposits to fund growth.

The agency’s rate cap for banks that are less than well capitalized contains several flaws and poses problems for community banks.

Branch acquisitions, once a popular way to scale up in new markets, have started to go by the wayside in the digital age.

The fintech Robinhood did not contact the Securities Investor Protection Corp. to discuss protection for deposits, according to SIPC CEO Stephen Harbeck.

The San Diego bank has agreed to assume $225 million in deposits at no premium from Modern Woodmen of America, which is shuttering MWABank, its direct bank subsidiary.