State-chartered credit unions

The Boulder-based institution can now serve consumers across 16 different counties, or more than 88% of the state's population.

Among other changes, the law allows state regulators to accept NCUA examination results in lieu of exams from local regulators.

A report from the trade group shows that state-chartered credit unions saw greater first-quarter membership gains than their federal counterparts and posted lower rates of consolidation.

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

C&NW Proviso, which has no website or online services, will gain a slate of new products and additional locations from the deal.

The push to revive the District charter began in 2001, nearly 40 years after the original rule was repealed and CUs there adopted the federal charter.

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

Gov. Brad Little recently signed legislation into law clarifying matters related to lending, investments and fixed assets.

Some regulators had started shifting to more remote oversight before the pandemic, though the initiatives haven't been a priority for credit unions and their advocates.

The National Association of State Credit Union Supervisors expects to hold the conference later this year but a specific date has not yet been set.

Data from regulators in the Badger State show state-chartered CUs making gains in several key areas in 2019 even amid a dip in ROA and an increase in allowance for loan losses.

Gulf Power Company Employees CU will merge into Tallahassee-based FSU Credit Union later this year, pending regulatory and member approval.

Fewer than 30 CUs in the state would be eligible to make use of the rule, intended to help rural institutions and others attract a more qualified pool of directors and committee members.

Despite what one critic says, Alaska USA Federal Credit Union’s acquisition of branches from TCF Financial will help underserved communities in Arizona.

The benefits include improved financial inclusion, the chairman of the NCUA argues.

The Colorado Banking Board may be the first regulator to ever block a credit union-bank merger.

Colorado's State Banking Board voted 6-1 to stop Elevations Credit Union from buying Cache Bank & Trust. This is believed to be the first time regulators have blocked such a deal.

The Bay State is the latest to push its lawmakers to modernize how CUs do business in order to help state charters remain competitive with federal charters.

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

Despite state charters' best gains in four years, their ranks continue to shrink at a pace nearly equal to that of federal charters.