News Topic: Credit unions

As the refi boom continues, many lenders will need to find the right balance of staffing and technology to meet members’ needs. ]] ... Read full article

A new report from the regulator shows slower growth in membership and lending, as well as a decline in the number of credit unions reporting profits. ]] ... Read full article

A new study from Black Kite outlines a variety of threats facing the industry and pinpoints the average cost of a breach at large and small institutions alike. ]] ... Read full article

Seven years after regulators issued guidance to financial institutions, a small Michigan credit union was ordered to stop opening new accounts for marijuana businesses. ]] ... Read full article

The proposed legislation is similar to a package put forward in 2020 and another introduced in the House in 2019. ]] ... Read full article

The new group is made up of leaders from institutions with assets of $300 million or less and aims to help foster collaboration, mentorship opportunities and more. ... Read full article

Longtime leader John Young plans to retire at the end of 2021, and the credit union has hired Humanidei to find a replacement. ... Read full article

Lawmakers this week will continue to discuss extending the Paycheck Protection Program, and the National Credit Union Administration is scheduled to hold its monthly board meeting. ... Read full article

The nation's largest second credit union is thanking all full-time employees for their work since COVID hit. But even as vaccinations ramp up, remote work will be the norm for most for several more months. ... Read full article

Mark Kelly will step down next month as president and CEO of the Oklahoma City-based institution. He be succeeded by the credit union's executive vice president. ... Read full article

Unify Financial is sponsoring a $300M securitization of prime auto loans. The $3.3 billion-asset institution is only the second CU to sell securities backed by auto loans since the NCUA gave the green light for credit union securitizations nearly four ... Read full article

A longtime fixture in the industry, Teresa Freeborn succeeds GWLN founder Susan Mitchell as chair of the group. ... Read full article

There are signs that participation in cardholder loyalty offerings is slipping. Credit unions must reengage members if they hope to retain those accounts. ... Read full article

Juan Fernandez Ceballos will take the helm at the state league following Paul Stull’s retirement this summer. ... Read full article

The social media platform skews toward a more youthful demographic, while credit unions' average member age has been stuck in the late 40s for decades. But even institutions that use it have concerns about security. ... Read full article

Indiana Members CU will expand its reach later this year following completion of a proposed combination with Members Choice FCU. ... Read full article

The deal to take over the firm's prearranged funeral insurance and final expense business in the U.S. and Canada is worth approximately $1.3 billion, and marks the latest in a string of acquisitions for CUNA Mutual. ... Read full article

Konstantina Baker has been appointed to lead the Fort Wayne, Ind.-based institution following the retirement of longtime CEO Gregory Troutner. ... Read full article