News Topic: Federal credit unions

The credit union regulator has held back in allowing the use of derivatives but has released a proposal that would remove red tape for some larger institutions. ... Read full article

The Southern California-based credit union would add a fourth branch in the Cowboy State if members of the merging credit union approve the deal. ... Read full article

Members of St. Matthews Federal Credit Union are set to vote on whether to join the $2.3 billion-asset Chartway before the end of the year. ... 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

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

A decision that expands the low-income definition to all active-duty military personnel will only enable large credit unions to push out smaller competitors, removing choice for people in the military. ... Read full article

The author of a recent op-ed fails to realize that making credit unions pay corporate taxes would drive up costs for customers and weaken the economy. ... Read full article

Despite what one critic says, Alaska USA Federal Credit Union’s acquisition of branches from TCF Financial will help underserved communities in Arizona. ... Read full article

The benefits include improved financial inclusion, the chairman of the NCUA argues. ... Read full article

Bankers may not want to hear this, but communities benefit when credit unions buy banks. ... Read full article

A former credit union CEO explains why it chose to become a bank, subject to taxes, and says Congress needs to intervene in discussions on an NCUA proposal to loosen capital standards. ... Read full article

The company created by the BB&T-SunTrust merger said that Truliant Federal Credit Union does not own the trademark rights to names beginning with the prefix "tru." ... Read full article

House and Senate lawmakers have denied a push by banking groups to grant banks the rent-free access to military installations that credit unions have. ... Read full article

Navy Federal Credit Union is Exhibit A in banks' case to tax the credit union industry. But it wasn’t always seen as the powerhouse it is today. Meet Adm. Cutler Dawson, the man who changed that. ... Read full article

The banking trade group is asking for an en banc rehearing of its field-of-membership challenge before all 17 judges of the D.C. Court of Appeals. ... Read full article

The regulator has pledged to put forth a rule on credit union-bank purchases before the end of the year. It's likely to lead to another clash with bankers. ... Read full article

Their challenge is creating a viable, profitable product that doesn't get flagged for being predatory. ... Read full article

The House Armed Services Committee approved a bill without a key provision that would allow banks a no-cost presence on military installations, a privilege some credit unions currently enjoy. ... Read full article