Credit unions

Inclusiv launches $20M capital fund to benefit communities of color

01/14/21

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.

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Diversified Credit Union members to vote on Spire merger

01/14/21

The deal is a sign of further consolidation among Twin Cities-area credit unions, following another combination announced in May.

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PenFed touts substantial membership, loan growth for 2020

01/13/21

The nation's third-largest credit union saw a huge lending spike in 2020, especially in its mortgage division, while membership grew by 159%, thanks in part to merger activity.

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Management shift at credit union consultancy CU Engage

01/13/21

The firm's two cofounders will now split duties between running the organization and focusing on future growth.

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What Democrats' control of Congress could mean for credit unions

01/13/21

A Democratic majority in Washington may help advance a number of key legislative issues for the industry, such as passage of a national data security standard. However, it could also lead to a renewed focus on consumer protection laws.

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CDC Federal Credit Union promotes longtime staffer to CEO

01/12/21

Australia Hoover, who started as a call center employee in 1996, succeeds Betsy Mercier, who is retiring after 22 years at the helm.

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Credit unions argue pandemic bolsters case to ease membership rules

01/12/21

Industry groups say the coronavirus has highlighted additional risks faced by institutions without a diverse member base.

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Former CEO of Adventure Credit Union dead at 59

01/11/21

Brian McVeigh passed away on Dec. 31, following a 14-month battle with brain cancer, according to a release from the Michigan Credit Union League, having spent more than 35 years serving in a variety of roles at CUs across the state.

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Surge in digital payments to continue in 2021: CO-OP

01/11/21

Consumers will continue to utilize new payments methods in the coming year, but are also likely to shift between credit and debit, the company said.

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Week ahead: PPP returns as unemployment rate remains unchanged

01/11/21

Members of the House could return to Washington early this week to vote on impeachment, while the National Credit Union Administration will revisit risk-based capital rules.

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