News Topic: State-chartered credit unions

New data from the state regulator shows gains across several key metrics even as allowances for loan losses surged and the loan-to-savings ratio fell by more than 10 points. ... Read full article

A bill updating the commonwealth's credit union act, signed into law on Jan. 12, is said to be the most comprehensive update of the state charter in 30 years. ... Read full article

Gov. Laura Kelly has nominated Vickie Hurt to succeed Jerel Wright, who will step down Nov. 28. ... Read full article

To shore up the share insurance fund, the National Credit Union Administration would be wise to give the industry additional temporary investment options. ... 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

The two institutions have assets of more than $215 million and serve over 12,000 members. ... Read full article

New data from the state regulator showed that CUs in the Badger State grew assets by 28% during the first half of this year, up from 14% during the same period in 2019. ... 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