Field of membership

The National Credit Union Administration has filed a brief in opposition to the American Bankers Association's request that the court consider its challenge of the agency's field-of-membership rule.

The Georgia-based credit union hopes to gain more flexibility to widen its field of membership by switching from a federal charter.

The push to revive the District charter began in 2001, nearly 40 years after the original rule was repealed and CUs there adopted the federal charter.

Even CUs that don’t directly serve the oil and gas industry are likely to be impacted, experts say.

A letter from Todd Harper, a member of the National Credit Union Administration board, called on lawmakers to make a variety of legislative changes to help credit unions and consumers weather the pandemic.

The $468 million-asset institution said expansion isn't required now but the move is a proactive attempt to ensure its long-term viability.

The New York-based credit union is set to absorb Hudson River Financial FCU and Columbia-Greene FCU following charter conversions at those institutions. Sunmark has picked up at least two other small CUs within the last 18 months.

As Americans embrace social distancing, institutions may be forced to rethink board and annual membership meetings. The change could be lasting.

Nebraska bankers sued after MembersOwn Credit Union successfully added eight counties to its field of membership last year.

The credit union can now serve consumers in two additional counties.

The expansion comes after a year in which net income at the Nashville-based credit union dropped by more than half amid a rise in delinquencies and charge offs.

From the presidential election to Supreme Court cases, growth strategies and more, these are the issues that could define the next 12 months.

Both institutions will see an expanded field of membership as a result of the charter change.

Dort Financial is the latest to switch from a federal charter to a state charter, a move that also widens its field of membership.

From massive growth and consolidation to the fallout after the corporate credit union crisis, uncertainty at the National Credit Union Administration and more, here's a look at the decade in review.

The Maine-based credit union saw several successes this year despite a slip in net income.

The Spokane, Wash.-area credit union has doubled its membership since 2011.

From new growth strategies to courts, Congress and the industry's own #MeToo moment, here's a look back at some of the year's biggest moments.

An appeals court on Thursday denied bank groups an en banc hearing from all 11 appellate judges, but bankers said Friday that they're considering taking the case to the Supreme Court.

More than 50 banks and banking groups responded to the National Credit Union Administration's call for public comment as it attempts to explain why a new field of membership provision won't permit redlining.