News Topic: Credit unions

The Minnesota credit union’s deal for Brainerd Savings & Loan comes about 11 months after it bought Neighborhood National Bank in Minnesota. ... Read full article

Harper, a Democrat, had long been expected to be promoted to the chairmanship under a Biden administration, but he could face an uphill climb moving his priorities forward. ... Read full article

Under a proposed rule change, credit unions would no longer need to seek pre-approval from the regulator before entering into interest rate swaps, speeding up transactions for some of the industry’s biggest institutions that already hold over 80% of total ... Read full article

A recent agreement with the California Cannabis Industry Association will make it easier for legal cannabis businesses across the state to join the $92 million-asset credit union. ... Read full article

The Eugene-based institution joined a small but growing number of credit unions that have raised their entry-level pay in recent years. ... Read full article

A bill updating the commonwealth's credit union act, signed into law on Jan. 12, is said to be the most comprehensive update of the state charter in 30 years. ... Read full article

The agency used a notation vote to advance the final measure, the third time it has used that method in a month. ... Read full article

The credit union announced a $1 million commitment to the New Jersey Education Association spread over 10 years, with the first installment helping expand the group’s Human and Civil Rights Division. ... Read full article

After a slowdown in 2020, inventory shortages and other factors could make the months ahead a grind for many lenders. ... Read full article

Chris Hendry has been appointed president and CEO of the Fitchburg, Mass.-based institution, having served the credit union in a volunteer capacity since 2014. ... Read full article

President-elect Joe Biden is scheduled to take the oath of office on Wednesday, but other changes that pertain to credit unions are also happening. ... Read full article

The trade group's summer show was expected to be the first major credit union event not to be held exclusively in a virtual format but was cancelled due to the ongoing pandemic. ... Read full article

Cosby Davis joins the executive team at North Carolina's third-largest credit union after nearly a decade at nearby Allegacy Federal Credit Union. ... Read full article

Cybersecurity remains a priority along with CARES Act compliance, flexibility for borrowers impacted by the pandemic and more. ... Read full article

In placing the $6.6 million-asset institution in conservatorship, the regulator has taken charge of two credit unions in just the first two weeks of the year. ... Read full article

In a party-line vote, the agency issued a proposal that would redefine a "complex" credit union. ... Read full article

The National Credit Union Administration and the Consumer Financial Protection Bureau will hold strategy sessions and share information tied to consumer protections at institutions with more than $10 billion of assets. ... Read full article

The project will deploy $20 million as secondary capital to expand economic relief and financial inclusion, and follows a $1 million project last summer aimed at helping low-income consumers in Rust Belt cities. ... Read full article