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.


Fixing Your Finances: International Credit Union Day can mean special events for members Pennsylvania has the second most credit unions in the United States, with over 400 unions. Fox43


Earn 3% With Top Credit Union CD Rates Today, I thought we’d take a look at some of the best nationally available CD rates at credit unions.



Patterson Federal Credit Union donating checks and food In addition to recently serving a public lunch, Patterson Federal Credit Union is continuing its outreach in community service by way of a Pay it Forward campaign. Daily Siftings Herald



CUNA Councils Contributes $25,000 to Kick Off Credit Union Awareness Initiative The initiative is a long-term, research-driven project that will help define the unique attributes common to credit unions across the country. Press Release Point


Business Digest, Oct. 18, 2016; Amy Ivey named credit union trailblazer She integrated training, communication and marketing initiatives at the not-for-profit credit union, which has more than 60,000 members and more than $800 million in assets. Santa Cruz Sentinel



Sikorsky Credit Union awards Stratford student $1,000 scholarship Williams scholarship program, Sikorsky Credit Union annually awards five scholarships to students who use the money toward college expenses such as tuition, books or materials. Stratford Star



Air Force Credit Union of the Year – DFCU We are very proud to be the recipients of such an award, as it shines a light on our Credit Union’s legacy as well as our dedication to supporting the Airmen of Team Dover with their financial needs. Milford Live



USF Federal Credit Union Celebrates International Credit Union Day USF Federal Credit Union and its Darden Credit Union and Red Lobster Credit Union divisions, are fully aware of this perception which is why they have always put financial wellbeing of their members first by offering the best solutions to meet their needs (nothing more or less). Benzinga



FBI Investigating Liquidated MN Credit Union Francis Campus Credit Union’s 3,400 members and $51 million in assets have been acquired by the much larger Melrose-based Central Minnesota Credit Union, which has $759 million in assets and 52,000 members. Twin Cities Business



Heritage Federal Credit Union snags award Heritage Federal Credit Union received the award for its "Loans on the GO! Mobile App" entry. Evansville Courier & Press


Crane Federal Credit Union and Centurion Federal Credit Union announce merger As part of the agreement, Centurion Federal Credit Union will now be referred to as Centurion, A Branch of Crane Credit Union. Greene County Daily World


Local Credit Union Hosts "Cookies for Coats" Bake Sale Today “Cookies for Coats” features baked goods, homemade by Diamond Valley Federal Credit Union employees. Tristate Homepage



Liberty Bay Credit Union, Hingham Federal Credit Union announce merger The combined credit union will operate under the Liberty Bay Credit Union name and regulatory charter, with deposits insured through the National Credit Union Share Insurance Fund and Massachusetts Credit Union Share Insurance Corporation. Avon Messenger


Liberty Bay CU, Hingham FCU To Merge In Q1 ’17 - Banker & Tradesman All of Hingham Federal’s management and staff will be retained by Liberty Bay and three Hingham Federal Credit Union directors will join the Liberty Bay Credit Union board of directors. Banker & Tradesman


Blockchain Trade Group Adds First Credit Union The credit union was one of the earliest institutions of its kind to launch a Web-based portal for banking services. Coin Desk



Baltimore County police sergeant acquitted of theft charges; judge calls case 'absurd' His wife, Tina, who was CEO of HealthCare United Federal Credit Union, has admitted to embezzling from the institution, and pleaded guilty last year to one count of theft over $100,000. Baltimore Sun


MSU credit union CEO wins Free Press Top Workplaces Leadership Award April Clobes has what looks like an old rented VCR tape on her bookshelf in her impressive C-suite at the MSU credit unions headquarters. Detroit Free Press


Plea deal not made yet, trial date looming for ex-CFO in credit union embezzlement case Prosecutors allege that Lajoice wrote checks from credit union accounts. The Oakland Press


New Mexico

NM credit union opens new branch in ABQ's North Valley Southwest Federal Credit Union opened its newest Albuquerque branch earlier in October. The Business Journal


New York

Allegany County Schools Federal Credit Union The officers of the Allegany County Schools Teachers Association (ACSTA) met with a credit union examiner who explained the unique idea of how a credit union operates. The Bradford Era


Xerox Federal Credit Union robbery suspect in court Wednesday The detention hearing on Wednesday will determine Wilberns custody status The man accused in a deadly shooting and robbery at the Xerox Federal Credit Union in Webster will appear in court on Wednesday. Brighton-Pittsford Post


ESL Federal Credit Union Names A New CEO He began at the credit union in 1991 as a senior financial analyst. WXXI News



Gramlich Indicted in Ohio County Schools Credit Union Embezzlement Scheme It’s alleged that between June 2013 and March 2016, Gramlich stole more than $156,000 from the Credit Union and used the funds to pay personal debts. The Intelligencer / Wheeling News-Register


Rhode Island

Dexter Credit Union will be merged into Navigant Credit Union Navigant will be the surviving credit union. Valley Breeze



Navy Federal Credit Union to pay $23 million to misled customers “Financial institutions have a right to collect money that is due to them, but they must comply with federal laws as they do so.” Navy Federal Credit Union is A+ Federal Credit Union based in Vienna, Virginia. WTKR Norfolk


NorthStar Credit Union and Oak Trust Credit Union Announce Merger Fredendall, a veteran of the credit union industry, celebrating his 25th anniversary with NorthStar this year, said "The partnership with Oak Trust will bring together the best of the best in terms of member value. Chicago Tribune



Navy Federal Credit Union accused of improper debt collections Navy Federal Credit Union agreed this week to pay about $23 million in redress to members and pay a $5.5 million fine to resolve an investigation that alleged improper debt collections. Daily Press



A credit union that's all in the family Sue Cain manages Our Family Social Credit Union from her tiny home office. CBS News



Credit unions celebrate International Credit Union Day in Oct In fact, in 2015, USA consumers received 76 million dollars in direct financial benefits from credit unions, according to the Credit Union National Associations Membership Benefits Report. The Connection


Central City Credit Union changing name The name change comes as an updated approach of what members want from a financial partner, said Pat Wesenberg, CEO and president of Simplicity Credit Union. The Marshfield News-Herald


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