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.


5 Reasons to Shop at a Credit Union for Car Loans While dealerships make their own financing programs sound especially attractive, it's always a good idea to shop around for the best auto loan rates-starting with local credit unions. USNews3y


Alabama

Tuscaloosa authorities stormed credit union with battering ram to end standoff Officers rescued one woman from the credit union, whom they escorted from the building. larampadinapoli.com15h


DuPont Credit Union to move downtown Two years after DuPont tore down the buildings on the lot, a new credit union branch will be breaking ground around May, said Steve Elkins, senior vice president of DuPont Community Credit Union. The News Leader9mon


Hostage situation at Alabama credit union ends peacefully The situation took place at Alabama Credit Union at 220 Paul W Bryant Drive near the University of Alabamas campus. RTV 6 ABC2d


6 Reasons to Visit Your Credit Union on October 20 This October 20th, 2016, more than 217 million credit union members around the world are joining in the celebration. wisebread.com2mon


California

Police: Gunman held 13 hostage in credit union for 2 hours The hostages, seven of whom were employees at the credit union, were escorted out safely by SWAT officers. News 4 Jax1mon


Susquehanna Twp. credit union merges with California-based credit union Postmarks Susquehanna Township location will become an Xceed Financial Credit Union and Postmarks current president and CEO, Dave Frey will join Xceed Financials management team following the merger. Central Pennsylvania4mon


Travis Credit Union names new board member "We are pleased to welcome Oscar to the Board," said Pat Moreno, chairman, Travis Credit Union Board of Directors, in a press release. The Reoorter1mon


Delaware

Dover Federal Credit Union employee sent customer's info to a personal Dropbox Dover Federal Credit Union recently sent a letter warning customers an employee transferred DFCU files to the employees personal Dropbox account. Dover Post2d


Florida

Power Financial Credit Union First to Offer CU RateReset Pre-Approval Products The agreement with CU RateReset provides Power Financial Credit Union with a simple, easy and attractive digital solution to retain existing loans and generate more loans. CBS 58 News1mon


Georgia

DOCO Credit Union recovers from bank problems The credit union closed down Thursday due to a system upgrade and warned customers that some features like online banking would be disabled temporarily. WALB 10 News1mon


Idaho

Ascentra Credit Union awarded for serving Hispanic community It now is expanding nationwide through an initiative of The National Federation of Community Development Credit Unions. WQAD3mon


Illinois

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 Business2y


Manatee Community Federal Credit Union grows its brand Options included merging with another credit union or breaking away from Tropicana and opening its membership to the public. Bradenton Herald2mon


Indiana

Centra Credit Union Names CEO Silvers previously served as chief retail officer for South Bend-based Teachers Credit Union. Inside Indiana Business6mon


Kansas

Skyward Credit Union CEO to retire Wilmoth has served in various positions in lending and operations over his 19-year career with the credit union. The Wichita Eagle Kansas5mon


Skyward Credit Union CEO to retire "I am proud to have served those in the general aviation community with the great products and services of Skyward Credit Union," Damm said in the release. The Wichita Eagle Kansas5mon


Achieva Credit Union: Focused on basics yet ready to startle financial status quo The other part of the tour is a trip through a long cultivated credit union culture. Tampa Bay Times7mon


Credit union employee threatened with knife The suspect then attempted to have the employees access the credit unions vault. WMTW1y


Massachusetts

Metro Credit Union Completes Newton Teachers Credit Union Merger Cashman, Metro Credit Union CEO and president, said in a statement. Banker & Tradesman9mon


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 Desk2mon


Digital Federal Credit Union: Traditional Banking Convenience with Credit Union Benefits However, the credit union has more than 470,000 members in all 50 states, many of whom have never even set foot into a DCU branch. The Motley Fool1y


Northeast Community Credit Union wins 5,000 for ARM Love My Credit Union campaign is a video contest hosted by CU Solutions Group and the Credit Union National Association. Johnson City Press1mon


Northeast Community Credit Union wins 5,000 for ARM More than 137,000 public votes were cast nationwide in October in celebration of the country's favorite credit unions, and the local charities they support, as part of the second annual Love My Credit Union Campaign. Johnson City Press1mon


Michigan

Credit union uses acts of kindness to 'spread the love' Employees spent about $500 giving back to credit union members and residents in the Romulus area, handing out food, filling up gas tanks and topping off wiper fluid. Detroit Free Press1y


Clarkston Brandon Community Credit Union, victim of swindle, merges with MSU Federal Credit Union The credit union has approximately 8,500 members and $41 million in assets. The Oakland Press9mon


Clarkston Brandon Merges into Michigan State University Federal Credit Union At the time of the merger, Clarkston Brandon Community Credit Union was a federally insured, state-chartered credit union with 8,536 members and assets of $68.5 million, according to the credit union's most recent Call Report. ncua.gov9mon


Montana

Summit Credit Union's Project Money: Team Beyerl's four pieces of advice on holiday shopping Amanda and Nick Beyerl from Summit Credit Unions Project Money are here with four pieces of advice when it comes to smart holiday shopping. NBC 152d


North Carolina

Duke Credit Union Names New CEO He was previously recognized as "Professional of the Year" in 2008 by the National Association of Federal Credit Unions. Duke Today2y


New Mexico

PenFed adds another credit union Its latest merger is with High Plains Federal Credit Union in Clovis, New Mexico. WTOP3mon


Nevada

Credit union: Pul-lease take your money The credit union, one of the largest in Nevada, figures that deposits from members who dont have a checking account, mortgage loan or any other products are expensive. Las Vegas Review-Journal6y


New York

Call Of Shooter At Jacksonville Community First Credit Union Becomes Hostage Situaiton Officers responded to the Community First Credit Union at 1623 Edgewood Ave at around 9:06 AM for a bank robbery in progress with shots fired. bluelivesmatter.blue1mon


Visions Federal Credit Union opens branch in Harpursville High School The kids received training at other Visions locations over the Summer and opened the new school branch in October under the supervision of a credit union employee. Bingamton Homeage10h


Catholic credit union association launched The creation of CCUA comes as institutions are seeking to share best practices, according to news release issued by Notre Dame Federal Credit Union, an association member. South Bend Tribune7mon


Poland students running new credit union in school POLAND - Students at Poland Central School District are getting a hands-on experience with finances as the school opened a credit union on campus for students, employees and retirees. Observer-Dispatch1mon


Ohio

$70 million credit union collapse shakes Croatian community of Northeast Ohio But now, following the collapse of the 67-year-old Croatian credit union, some Croatians say they dont know whom to trust. Cleveland5y


Pennsylvania

Sun East Federal Credit Union Converts to Symitar's Episys Over time, the credit union needed more from its provider in both technology advancements and the ability to integrate with complementary solutions. Yahoo Finance1d


Second Lehigh Valley credit union hit by text message scam The Allentown-based People First Federal Credit Union posted a message for customers on its website Monday warning customers not to respond to the bogus text alert. The Morning Call9mon


Texas

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. News Channel33mon


Federal regulators take over Richardson-based Texans Credit Union "While continuing normal member services, NCUA will work to resolve issues affecting the Texans Credit Union's safety and soundness." Individual accounts are insured up to $250,000, while joint accounts are insured up to $250,000 per member. Dallas News5y


Virginia

Scenic Community Credit Union celebrates name change Ann Shutters, administrative assistant at Scenic Community Credit Union, said the change in name mirrors their members: the residents of Hamilton, Marion and Sequatchie counties in Tennessee, and Catoosa, Dade and Walker counties in Georgia. Nooga1y


Navy Federal Credit Union to pay $23 million for shady debt collection activities The credit union disabled electronic access for about 700,000 accounts after customers fell behind on credit payments. pilotonline.com3mon


New Credit Union Perk: Escrow Account Checking But legislative changes urged by the credit union now enable broker members to open escrow accounts at RFCU, giving them a viable option to house their clients' earnest money deposits. RISMedia1mon


Washington

Gesa Credit Union expands its student-run credit union Gesa Credit Union said the student-run credit union program gives students another angle when it relates to finances. NBC Right Now10mon


Wisconsin

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-Herald10mon


Goldenwest Credit Union and Health Care Credit Union Announce Intent to Merge "This merger will provide Health Care Credit Union members with the best financial products and services available in the market today and into the future," said Scot Baumgartner, President/CEO of Health Care Credit Union. utahbusiness.com2mon


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