Practice and client management

Lending Club, Prosper Marketplace and Funding Circle are locking arms to create a new trade group that will represent the marketplace lending industry in Washington.

Two North Carolina credit unions — Coastal Federal Credit Union and Freedom Credit Union — said their boards have agreed to merge the institutions in a transaction that will result in Coastal FCU as the surviving entity.

San Francisco Municipal Railway Employees Federal Credit Union on Wednesday said it is pursuing a merger with UNIFY Financial Credit Union of Torrance, Calif.

Bancorp of New Jersey in Fort Lee has hired a former state regulator as its new chief executive.

The program is a 24-month curriculum designed to generate groundbreaking new ideas and position participants to carry the torch for growth and innovation in the credit union market, Filene announced Monday.

San Francisco has an Office of Financial Empowerment that oversees all sorts of programs designed to help residents handle their money better and recruits banks and credit unions to participate. As other cities adopt a similar approach, more financial institutions have an opportunity to get involved.

Clinton Township, Mich. -- Central Macomb Community Credit Union, Clinton Township, Mich., will change its name to FreeStar Financial Credit Union, effective April 4, in order to “better align” with its new field of membership (FOM), which now encompasses ten counties in Southeast Michigan and all military members throughout the state of Michigan.

University of Virginia Community Credit Union in Charlottesville, Va., has completed its merger with Northern Piedmont Federal Credit Union in Warrenton, Va.

Even if people don’t fall for Community Choice CU’s April Fool’s Day prank, the CU hopes to show consumers that if they’re banking with a bank instead of a credit union, they’ve already been fooled.

What makes a true leader is particularly relevant to the banking industry, in which the leading institutions and key individuals are not always defined by asset size.

While many CUs avoid the product that some consumer advocates deem predatory, the CUs that do offer them say it's a service members want and need and can be done in consumer-friendly way.

Belvoir Federal Credit Union in Woodbridge, Va., will be merged into Pentagon Federal Credit Union, the largest merger in PenFed's history.

Apple Bank for Savings in Manhasset, N.Y., said Thursday that Chief Operating Officer Steven Bush is taking over as chairman, president and CEO from Alan Shamoon, who is retiring.

A dozen Indiana credit unions and the Indiana Credit Union League have partnered to introduce a new prized-linked savings program for their members.

With rates likely to rise during the next 12 to 18 months, industry insiders and experts weigh in on what your CU can do to prepare for the new interest rate landscape.

MADISON, Wis. -- Filene Research Institute has received more than $1.6 million in grant funding for its financial access-focused incubator.

Even as an NCUA working group is trying to craft a supplemental capital proposal for credit unions, mutual thrifts are quietly courting their regulator for a similar measure of their own.

Federal Reserve members, including Chair Janet Yellen, suggest that future rate hikes will be less often and less aggressive than industry insiders predicted.

Robertson Banking Co. in Demopolis, Ala., has given its president, Gary Holemon, the additional title of chief executive.

ChoiceOne Financial Services in Sparta, Mich., has given its president, Kelly Potes, the job of chief executive, too.