News Topic: Credit unions

If the deal is approved, the $6.4 million-asset credit union would drop its federal share insurance upon joining Towpath Credit Union. ... Read full article

As lawmakers look for ways to plug budget gaps, credit union groups are preparing for a possible assault on the industry's tax exemption at the state and federal level. ... Read full article

Some banks and credit unions boarded up branches and closed early in anticipation of unrest tied to the tense presidential race. ... Read full article

Aissatou Barry-Fall, a 30-year veteran of the credit union, has been promoted to chief executive. ... Read full article

Haegelin spent several decades in the credit union movement, including helping found the nonprofit Credit Unions for Kids. ... Read full article

Members of Niagara Mohawk Power Corp. Troy Employees Federal Credit Union recently voted to merge with Albany-based CAP COM. ... Read full article

Myra Toeppe, who had been serving as acting director since January, will take on that role permanently. ... Read full article

Earlier this year, the Southern California credit union was criticized for its directors not representing the demographics of the communities it serves. ... Read full article

The CrossState Credit Union Association continues to work with lawmakers in neighboring New Jersey to get similar legislation passed there. ... Read full article

The rule, which will go up for a 60-day comment period, codifies existing NCUA policies and is not expected to change how the agency operates. ... Read full article

The announcement marks one of the credit union community's largest funding efforts toward diversity and inclusion initiatives. ... Read full article

Democracy Federal Credit Union is the latest to move ahead with plans to shut down on Nov. 3 so employees can get to the polls. ... Read full article

The industry called for modifications to the regulator's phase-in proposal on the new credit loss standard while acknowledging the broader changes it wants are up to the Financial Accounting Standards Board. ... Read full article

The acquisition will consolidate United's position in the St. Joseph market, where both institutions are based. ... Read full article

With coronavirus cases on the rise, Hoosier Hills CU in Bedford, Ind., has chosen to temporarily restrict access to its facilities. Observers say other institutions are likely to follow suit eventually, whether they want to or not. ... Read full article

The payments company reported a substantial increase in both credit and debit card usage for the annual shopping event as the pandemic has made consumers even more comfortable with online purchases. ... Read full article

Jay Williamson will take over at the Sierra Vista, Ariz.-based institution after Brian Barkdull retires. ... Read full article

Net worth disparities and the role housing and mortgage discrimination play in Black homeownership show that it's impossible to close the gaps without eliminating racism. ... Read full article