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.


If You Want Free Checking, Try a Credit Union That means credit union accounts that have fees allow you to avoid those monthly charges if you meet certain criteria, such as having a companion account, signing up for direct deposit or maintaining a certain amount of transaction activity. twocents.lifehacker.com


Alaska

Patience and trust bolsters city's economic strength Other Westgate expansions include Credit Union West and Home-2-Suites. Glendale Star


Colorado

Could league choice fracture the credit union movement's united front? The $422 million Delaware credit union's move was essentially unheard of prior to Credit Union National Association eliminating the dual league/CUNA membership requirement from its bylaws. cujournal.com


Washington D.C.

Why the Fed rate hike won't help savers any time soon "People need to get used to the idea of [saving account] rates being low," says Alan MacEachin, a corporate economist at Navy Federal Credit Union. Washington Post


Florida

Mobile Police seek help identifying credit union robber On Thursday, March 16, 2017 an unknown male subject entered Tyndall Federal Credit Union (740 Schillinger Road South) and approached the teller handing her a note demanding money. WALA-TV FOX10


Credit Unions Um, this is why there are credit unions; and he spells out the differences. Miami Herald


Georgia

Students to get real-world banking experience at new bank Only one other school system in the state, Henry County, has a student-run credit union. Macon Telegraph


Hawaii

Menehune Credit Union opened "We never had an opportunity like this," Ganaden said during Wednesday's blessing and opening of the Menehune Credit Union. The Garden Island


Maine

Credit union for Maine farmers, other food producers a big step closer On March 6, Maine Harvest Credit Project hosted its "organizer event," a critical part of obtaining a charter and achieving recognition as Maine's 59th credit union. Portland Press Herald


North Carolina

Seaway banking on new credit union owner On May 1, Self-Help Federal Credit Union of North Carolina will complete the acquisition of some Seaway deposits and branches from State Bank of Texas, which recently bought all of Seaway in a distressed sale prompted by federal bank regulators. Chicago Tribune


New York

Ex-dance studio owner who stole $19M from credit union sentenced today District Court in Detroit in November after admitting to stealing $18.6 million from the Clarkston Brandon Community Credit Union over a 12-year period. MLive.com


Ohio

TrueCore starts new charitable foundation Subscribed, but dont have a login? NEWARK - TrueCore Federal Credit Union has started the TrueCore Foundation. Newark Advocate


TrueCore having annual meeting All members of the credit union are invited to attend with no reservations required. Newark Advocate


Pennsylvania

Navy Federal Credit Union to open midstate branch The credit union will offer a variety of banking services. Central Pennsylvania


Guests have the chance to win some cash during The Times Home and Garden Show "We're bringing back the Money Machine, sponsored by New Alliance Federal Credit Union," says Amy Miller, marketing specialist and special events manager for The Times. The Beaver County Times


Former Erie school transforming into credit union A local credit union has found at least one answer. WJET - WFXP Erie


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