News Topic: Credit unions

Despite the Senate Banking Committee’s willingness to discuss the issue, Republican support for legislation is still in question. ... Read full article

The National Credit Union Administration caught flak after it approved raising the threshold for appraisals on commercial real estate loans to $1 million. ... Read full article

After FASB's decision to give most banks extra time to prepare, lobbying groups are pushing for more. ... Read full article

The former mutual, which had faced pressure from an activist investor, agreed to be sold to Corporate America Family Credit Union. ... Read full article

Alexander Lopatine, who founded Nymbus and has joined Mbanq, says alternative providers are gaining the confidence of more banks. However, questions remain about their staying power in the fight with traditional vendors. ... Read full article

Aside from BB&T-SunTrust, dealmaking got off to a sluggish start this year. But that may soon change, not just because of pressure to achieve scale. For many banks and credit unions, a technology-capability gap could be the determining factor. ... Read full article

First American Bank agreed to sell its Iowa branches to GreenState just weeks after arranging the transfer of its Florida locations to another credit union. ... Read full article

The biggest challenge for credit union acquirers involves retaining commercial customers at the banks they buy. That's why constant communication, and having more commercial products and services, matter. ... Read full article

Student CU Connect CUSO, which had made high-risk loans to students of the now-bankrupt ITT Technical Institute, agreed to a settlement resulting in an estimated $168 million of loan forgiveness. ... Read full article

Hard sell ahead for BB&T-SunTrust as ‘Truist’ lands with a thud; Citizens looks to poach BB&T-SunTrust talent; what the Senate AML bill means for banks; and more from this week’s most-read stories. ... Read full article

Readers respond to BB&T-SunTrust's rebranding, consider the future of home equity loans, debate the number of credit unions buying up community banks and more. ... Read full article

Alkami Technology said it would use its latest round of $55 million in funding to expand the white-label services it currently offers small banks and credit unions. ... Read full article

As credit unions buy up community banks, policymakers should take another look at ending the industry’s tax exemption and regulatory breaks. ... Read full article

Chris Lorence, a former marketing official at the Independent Community Bankers of America, is the Credit Union National Association's latest recruit from other financial services trade groups in recent years. ... Read full article

Both Democrats and Republicans devoted considerable time at a House Financial Services Committee hearing last week to lamenting how the accounting standard will hurt small lenders. ... Read full article

The credit union regulator’s proposal to raise the appraisal threshold for nonresidential real estate loans won’t harm the economy or consumers, contrary to critics’ claims. ... Read full article

On Dec. 31, 2018. Dollars in thousands. ... Read full article

On Dec. 31, 2018. Dollars in thousands. ... Read full article