Credit unions

Washington poised to have first-ever bank sold to a credit union

09/21/18

Sound Credit Union in Tacoma, Wash., has agreed to buy Bank of Washington in Lynnewood.

[more]

'This Grand Canyon of tax loopholes': Comments of the week

09/21/18

Readers react to the Office of the Comptroller of the Currency's fintech charter, respond to another bank outage, opine on the impact of regulation and more.

[more]

Botnets increasingly prey on small banks and credit unions

09/20/18

Every month, from January to April of this year, there were roughly 3.2 billion attacks perpetrated by malicious code that infiltrated business' networks. Representatives of smaller financial institutions disputed the notion that they are one of the weak links in the chain.

[more]

Credit union will be first recreational pot banker in Mass.

09/14/18

The $506 million-asset GFA Federal Credit Union says it will begin accepting clients in the recreational marijuana business, making it the first Massachusetts financial institution to do so.

[more]

End the free ride for tax-exempt credit unions

09/14/18

Policymakers are right to re-examine the industry’s exemption and the unfair competitive advantage it provides.

[more]

Credit unions push NCUA for exam parity with small banks

09/13/18

The Credit Union National Association believes the NCUA has not moved quickly enough to grant an 18-month exam cycle to credit unions with $3 billion or less in assets.

[more]

Google pays Mastercard for data; Wall Street’s AG choice

09/04/18

The deal lets Google learn more about what people buy based on online ads, but raises privacy concerns; checkbooks favor Congressman Sean Maloney.

[more]

Community lenders tell big tech vendors to get up to speed

08/30/18

Small banks and credit unions say slow responses and outdated products from the establishment tech vendor can become a drag on their innovation efforts.

[more]

How to tell if you're banking a pot business

08/24/18

Many financial institutions are unaware that they're banking marijuana-related businesses, pot bankers and regtech experts say.

[more]

Bank lobbyists’ hollow campaign against credit unions

08/20/18

The banking industry has been raising alarms about the growth of a few credit unions, but the critiques ignore the vast size differences between the two sectors and the tremendous growth banks have seen since the crisis.

[more]