Credit unions

PPP spotlights shortcomings in credit unions' small-business push


For all banks' claims that credit unions pose a threat to their commercial lending market share, they've accounted for just 2% of volume in the Paycheck Protection Program.


Digital divide creating remote-work hurdles for banks, credit unions


The coronavirus pandemic has highlighted the issue of millions of Americans lacking access to high-speed internet at their homes. Financial services firms haven't been spared from this challenge.


Indiana credit union agreed to buy Elberfeld State Bank


Heritage Trust Federal Credit Union will buy the bank's deposits and assume its liabilities.


NCUA’s new low-income definition will benefit military, not credit unions


Bankers’ criticism that the expanded designation would bolster the largest credit unions is misguided.


NCUA’s low-income designation hurts service members


A decision that expands the low-income definition to all active-duty military personnel will only enable large credit unions to push out smaller competitors, removing choice for people in the military.


Crane Credit Union to buy Indiana bank


The credit union will pay an undisclosed amount for Community State Bank of Southwestern Indiana.


Trade orgs say FHLBank targets may increase small member participation


Groups representing community banks and credit unions generally support the new percentage-based goals set by the Federal Housing Finance Agency.


NCUA looks to keep field-of-membership case out of Supreme Court


The agency has responded to the American Bankers Association's legal request to strike down expanded membership rules for credit unions.


Truist discloses $125 million in expenses tied to rebranding


The company, formed by the merger of BB&T and SunTrust, shared the information in response to a credit union's legal challenge to its new name.


PPP set for revisions; Berkshire Hathaway unloads Goldman shares


The program would give small businesses greater flexibility on how they use loan proceeds; Warren Buffett’s company dumped 10 million of its nearly 12 million shares in the bank.