News Topic: Field of membership

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A plan to make expansion easier for credit unions is getting pushback not just from bankers, but also from the regulator's current chairman and a former board member. ... Read full article

The Flint-based credit union is the state's third in just over one year to get the OK for an expansion allowing anyone who lives or works in the state to join. ... Read full article

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

In a letter to credit unions, NCUA urged federally chartered shops to expand their fields of membership to underserved areas, regardless of geography, in order to boost financial inclusion in the wake of the pandemic. ... Read full article

From dealing with a flood of deposits to working with examiners virtually, credit unions were forced to quickly adapt to a new normal after the pandemic hit. Here's a look at some of the biggest changes and challenges they faced. ... Read full article

Fallout from the coronavirus pandemic consumed the industry this year, but other events, including a scandal at the National Credit Union Administration and a credit union under fire for lack of board diversity, also made waves. ... Read full article

A look back at a year in which little went according to plan for credit unions. ... Read full article

The Gainesville, Fla.-based credit union has converted from a federal to a state charter and will debut its new brand identity early next month. ... Read full article

The Washington, D.C.-based institution could see its membership grow by as much as 72% now that federal regulators have approved the move. ... Read full article

The credit union now has a community charter to serve seven counties in addition to several select employee groups. ... Read full article

Richard Yeager's promotion comes at a time of growth for the New York-based institution, including having recently been granted a field-of-membership expansion. ... Read full article

A group at George Washington University has been working to open a de novo institution to serve students, but the would-be institution faces a variety of hurdles before it can open its doors. ... Read full article

Muhlenberg Community Hospital CU said in a notice to members it needed a merger partner in part because it did not have the resources to keep up with monitoring for "cybersecurity and terrorism activities." ... Read full article