Credit Union News

According to the latest reports, Credit Union membership and total assets have hit an all-time high. Earnings have improved, loans have increased, and deposits have grown even faster than lending, while delinquencies and charge-offs have remained constant, and member bankruptcy filings have decreased.

Merit Credit Engine software helps credit unions and other lenders meet the October 3, 2016 compliance deadline for MLA regulatory changes affecting loans to active duty service members and their dependents. The NCUA has issued three regulatory alerts on the Military Lending Act.


Alabama

America's First Federal Credit Union partnering with QCash Financial - Birmingham Business Journal Americas First Federal Credit Union, one of Birminghams largest credit unions, announced it is teaming up with QCash Financial - an omni-channel small-dollar lending technology for financial institutions - to offer short-term, small-dollar loans to its members. The Business Journals


Connecticut

NASA Federal Credit Union Awards Scholarships to Area Students "NASA Federal Credit Union is proud to contribute to their success through the Mitchell-Beall-Rosen Memorial Scholarship." The following outstanding seniors were recipients of this years scholarship awards: . KSWO 7 News


Illinois

Pritzker, Rauner spar after Democrat pledges $1 million to black-owned bank Pritzkers campaign tried to draw a distinction between the two mens actions: the Democrats money pledge was only announced on a Chicago radio show, while Rauners visit to the credit union was a major campaign event. Chicago Tribune


Kentucky

Here's How to Prepare Your Credit for a Job Search "Employers will look at credit history as a measure of responsibility," said Deidre Davis, vice president of marketing and communications for the university-based MSU Federal Credit Union. Credit.com via Yahoo News


Louisiana

Moss Bluff bank robbed; schools on lockdown Deputies learned that a man entered the credit union and demanded money from the teller. KATC 3 Lafayette


Michigan

Michigan First Credit Union is looking for workers Michigan First Credit Union is searching for employees. WXYZ


Everything you need to know about Android Pay In mid-December, the company added support for 31 additional rural banks and credit unions across the contiguous United States. Digital Trends via Yahoo News


Mississippi

Cash & Carry opening ends South Jackson ‘food desert' - Mississippi Business Journal "Because it had been sitting here for two years, we had to replace a lot of the tiles on the floor and ceiling as well." Price received $1.5 million in financing from Jackson-based Hope Federal Credit Union, said Ed Sivak, chief policy and communications officer. Mississippi Business Journal


New Jersey

CPA David Schad to serve on board of credit union Headquartered in Vineland, Bay Atlantic Federal Credit Union is a member-owned, not-for-profit, full-service financial institution. NJ.com


New York

Northwell Health Federal Credit Union merges with Bethpage Federal Credit Union Through the merger, Bethpage Federal Credit Union will take on Northwell Health Federal Credit Unions members, assets and liabilities, according to a news release. Becker's Hospital Review


FirstClose Hires Jorge Ponce as Director of Business Development Having previously worked as a home equity product manager for N.Y.-based Bethpage Federal Credit Union, Jorge has valuable insight into the needs of FirstClose's target clients. Market Watch


Bethpage Federal takes over LI credit union Northwell Health Federal Credit Union's two branches will also be folded into the Bethpage network by the end of the year, said Wayne Grossé,... Newsday


Bethpage Federal Credit Union Acquires Northwell Health Federal Credit Union The National Credit Union Administration approved the deal between BFCU, the largest credit union in the Northeast, and NHFCU, the credit union for the Northwell Health medical system, which has 19 hospitals and 62,000 employees, making it the largest private employer in New York State. Long Island Press


Pennsylvania

Choice One credit union expanding While some area banks are consolidating branches, one local credit union is expanding, opening a new branch and corporate headquarters. The Times Tribune


Pennsylvania Credit Union Association names new board leaders Jeff DeBree, CEO of Scranton-based Penn East Federal Credit Union, will serve as chairman of the trade associations board, according to a news release. Central Penn Business Journal


Erie Federal Credit Union Passes out Acts of Kindness The credit union plans to visit several neighboring businesses of their new location in the old Glenwood Elementary School. WJET - WFXP Erie


Texas

Credit union bid allows Charolais steer to live happily ever after Officials at the credit union decided to let Flynn live out his days in a pasture rather than send him to slaughter. The Galveston County Daily News


Datawatch Reports Continued Growth In Credit Union Industry, Driven By Increased Demand for its Self-Service Data... "Monarch has seen rapid adoption in the credit union industry because it solves this exact problem, enabling users to access all of the data they need regardless of source or format, and then transform the information into interactive reports for easy analysis and visualization. GlobeNewswire via Yahoo Finance


Qualtrust Credit Union Members Give Green Light to Merger with Texas Trust Credit Union The newly combined credit union, operating under the Texas Trust name, will have 22 locations, allowing it to better serve its growing membership. Business Wire via Yahoo Finance


Virginia

Langley Federal Credit Union Attributes Symitar Selection to Vast Integration Potential The credit union consulted with its peer group and found that Symitars reputation for service and integration capabilities were unmatched. PR Newswire via Yahoo Finance


Langley Federal Credit Union selects Symitar Episys core system Its Symitar® division announced today that Langley Federal Credit Union has selected the Symitar Episys® core system for in-house processing.. Finextra


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