Credit unions
- Banking
NCUA tries to meet credit unions halfway on capital rules
The National Credit Union Administration board has approved a proposed rule to allow “complex” credit unions to opt out of…
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Navy Federal keeps adding members, and rivals struggle to keep up
Total membership at U.S. credit unions is increasing at a respectable clip, yet most credit unions have fewer members now…
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Two Michigan credit unions to merge
Two mid-Michigan credit unions founded to serve autoworkers have agreed to combine their organizations next month. Financial Plus Credit Union…
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Credit unions started in ’21 reflect last year’s upheaval
As the chartering of new credit unions picks up after the pandemic slowed such activity to a trickle, newcomers have…
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Stopera, former CAP COM Federal Credit Union CEO, dies
Paula Stopera, former CEO of Capital Communications Federal Credit Union in Albany, New York, has died. She was 64. Stopera…
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How lenders will spend federal windfall on low-income communities
As they start to dig out of the financial hole the COVID-19 pandemic pushed them into, members of Hope Federal…
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Northeast Credit Union names Chris Parker president and CEO
Chris Parker will succeed Tim Collia as president and CEO of Northeast Credit Union in Portsmouth, New Hampshire. Collia announced…
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Quorum Federal Credit Union promotes its president to CEO
Quorum Federal Credit Union in Purchase, New York, named Jeffrey Pachter as its next CEO. Pachter, who is currently the…
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NCUA banned three former credit union workers in June
The National Credit Union Administration issued three prohibition orders in June, barring those former credit union employees from working for…
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NCUA liquidates Defense Logistics Federal Credit Union
The National Credit Union Administration liquidated Defense Logistics Federal Credit Union in Dover, New Jersey. It’s the second credit union…
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Virginia credit unions to merge, creating $4.1 billion-asset company
Langley Federal Credit Union in Newport News, Virginia, and Virginia Beach Schools Federal Credit Union have agreed to merge. The…
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Longtime head of Indiana Members Credit Union to retire next year
Ron Collier will retire as president and CEO of Indiana Members Credit Union in Indianapolis on Dec. 31, 2022. Collier…
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CEO of Wright-Patt Credit Union in Ohio to retire
Doug Fecher, who has been an executive at Wright-Patt Credit Union in Fairborn, Ohio, for 26 years and was president…
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Banks set to move in on credit unions’ cannabis turf
Community banks and credit unions for decades have been going head-to-head for mortgages, car loans and even commercial business. And…
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World Council of Credit Unions names first woman CEO
Economic development specialist Elissa LaBorde will be the next president and CEO of the World Council of Credit Unions. LaBorde,…
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NCUA to distribute $865 million to resolve corporate credit union failures
The National Credit Union Administration will distribuite $865.5 million to 1,800 credit unions to resolve the failure of three corporate…
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Can Utah’s digital driver’s license be a viable form of customer ID?
The recent rise in mobile and contactless payments has created an opportunity to bring government IDs into the mobile wallet…
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Minority deposit credit union list grows for first time since 2013
The number of minority depository institution credit unions grew for the first time in nearly two decades. MDI credit unions…
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Iowa credit union’s takeover of two banks riles industry
A credit union agreed to buy two banks Tuesday, potentially adding fuel to banking industry complaints that credit unions’ federal…
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Bipartisan Senate bill would raise loan maturity limits for FCUs
A bipartisan bill introduced Tuesday would amend the Federal Credit Union Act to raise maturity limits for non-mortgage loans at…
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