News Topic: Credit unions

The Credit Union Cherry Blossom Run, the industry's biggest annual philanthropic event, saw a nearly 10% increase in giving this year despite being canceled. ... Read full article

It's unlikely that lawmakers will pass new coronavirus-related legislation before Congress leaves for its October recess. ... Read full article

Federal credit unions still account for more than 60% of active institutions, but their share of total assets continues to shrink. ... Read full article

A trio of small credit unions designated as minority depository institutions have been matched with larger institutions to improve outreach to low-income and underserved consumers. ... Read full article

The pandemic and economic downturn upended most institutions' advertising plans for the year, and many credit unions have had to adjust not only their messaging but also the loan products they are promoting. ... Read full article

In congressional testimony, the director of the credit union regulator's Office of Minority and Women Inclusion outlined steps the agency is taking to increase diversity at the agency. ... Read full article

Thanks to a donation from the Credit Union Federation of Korea, the global trade group is working with international partners to distribute personal protective equipment to institutions in need. ... Read full article

A new report from the National Credit Union Administration shows how hard the industry was hit during the second quarter as businesses closed and consumer spending dropped. ... Read full article

Wallace Watanabe spent more than 40 years at the Honolulu-based credit union, including serving as CEO from 1992 until his retirement in 2013. ... Read full article

The purchase-and-assumption transaction, if approved, would become the first credit union-bank merger in Alabama. ... Read full article

Richard Pillow will step down after more than four decades in the industry. ... Read full article

A report from CUES shows total compensation growing for members of the C-Suite, but institutions on the smaller end of the asset spectrum — representing two-thirds of the total industry — face stark differences in median CEO pay. ... Read full article

The move is part of the effort by lenders and other companies to promote racial equity and be more sensitive to the stresses on front-line employees. It also coincides with rising concerns about the postal system’s ability to handle the rush of absentee ... Read full article

Lenders are struggling to deploy deposits into interest-earning assets, and changes to post-secondary education may further limit these options. ... Read full article

Gary Elliott will retire at the end of 2020, and the credit union has hired a search firm to help find its next leader. ... Read full article

The deal continues Sound's push into markets north of its Tacoma headquarters. ... Read full article

The deal continues Sound's push into markets north of its Tacoma headquarters. ... Read full article

The legislation, which would apply to both banks and nonbanks, would give borrowers the right to sue for damages when servicing violations occur. ... Read full article