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.



Why Choose a Credit Union Over a BankLifehacker


Credit Unions Give Investors More Choices Opening an investment account through your bank or credit union doesnt make it a deposit account. US News & World Report



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 Leader



Police identify suspect after hostage situation quelled at Edgewood Avenue credit union (Dan Scanlan/Florida Times-Union) Civilians run to a SWAT position outside the Community First Credit Union. The Florida Times-Union Jacksonville


AltaOne Federal Credit Union appoints new Tehachapi manager Jessica Davidson, who has been the manager of AltaOnes River Walk member service center in Bakersfield for two years, will now manage the MSC inside Albertsons, according to a news release from the credit union. Tehachapi News


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 Reoorter


'Living legend' But I’ve been around for 50 years, so it worked out.” As director of facilities of Mattel, Inc., Lloyd’s last project before he retired in 1998 was building the new headquarters of the Mattel corporate office in El Segundo, where the credit union is located on the first floor lobby. Victorville Daily Press



Colorado Springs Movers & Shakers: Rich Scholes, Ent Credit Union He holds a bachelors degree from Santa Clara University and is a graduate of the Western CUNA (Credit Union National Association) Management School. Colorado Springs Gazette



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



Raymond James at Gulf Winds in Tallahassee, FL - 850-562-6702 Finance - Credit Unions Member FINRA/SIPC, and are: Not deposits, Not insured Gult Winds by NCUA or any other governmental agency, Not guaranteed by Gulf Winds Federal Credit Union; Subject to risk, may lose FEDERAL CREDIT UNION value. Tallahassee Democrat


Armed Man in Custody After Hostage Situation at Florida Bank SWAT crews responded to the Comminity First Credit Union shortly after 9 AM this morning.


Sheriff: Suspect in Florida credit union hostage-taking charged SWAT team members stormed the credit union and put themselves between the gunman and the 11 hostages, ending a two-hour standoff, said Jacksonville Sheriff Mike Williams. WATE


PSC receives $100K from Pen Air Federal Credit Union Family Foundation, the college accepted a $100,000 gift from Pen Air Federal Credit Union. Pensacola News Journal



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



What to look for in credit union checking Credit union employees may conduct the seminars or seek the assistance of a credit counseling agency. Yahoo News



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.


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


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 Fool



Prison sentence ordered in $2M theft from credit union Fuataina Afutiti was president and chief executive of Veterans Health Administration Credit Union before it was closed in March. Colorado Springs Gazette


Isabella Community Credit Union ICCU-Isabella Community Credit Union A lease-like loan where you keep ownership of your vehicle. The Morning Sun


MSU Credit Union CEO leads by listening and connecting Transparency isnt a business buzzword for April Clobes, president and CEO of the Michigan State University Federal Credit Union. Detroit Free Press


Vermont’s largest credit union acquires Michigan, Ohio operation In Vermont, the most customers NEFCU could potentially serve would be 300,000, because it is a community chartered credit union. VTDigger


Clarkston Brandon credit union merges with MSU Federal Credit Union amid embezzlement scandal For MSU Federal Credit Union, the merger provides expansion in Southeast Michigan. Crain's Detroit Business


Michigan's Top Large Workplaces: No. 1, MSU Federal Credit Union "One of the things we try to do is help our employees through development and growth," said Silvia Dimma, the credit unions chief human resources officer. Detroit Free Press


Honor Credit Union merger in the works The Berrien Springs-based credit union’s planned partnership with Battle Creek Area Community Federal Credit Union was announced through a news release Tuesday. The Herald-Palladium


Credit union serves holiday meal to veterans Community Choice Credit Union’s community outreach team had a little extra money in its budget as the year was coming to a close. Holland Sentinel



Tim Bosiacki named Minnesota CEO of the Month | “I’m proud to lead a credit union that invests in continual improvements, returns profits to members and engages with the communities it serves.” There are no upcoming events at this time.. Albertville Press & News


Business Notes - Nov. 27 Mid-Minnesota Federal Credit Union is a member-owned financial cooperative serving central Minnesota. Brainerd Dispatch


Affinity Plus announces Month of Giving throughout December Larson stressed that 100 percent of what the credit union collects and contributes will go to its Charities of Choice.. Grand Rapids Herald-Review



Singing River Federal Credit Union to donate $12,000 to American Cancer Society Friday at Singing River Federal Credit Union in Moss Point, the bank gifted Liz Gaulke of the Mid-South Division of the American Cancer Society with a check for $12,100 in support of its Bras Across the River campaign. The Mississippi Press


New Mexico

Merger will create largest NM owned bank Rincones Presbyterian Credit Union is an example. Carlsbad Current-Argus


New Mexico credit union to merge with PenFed PenFed was established in 1935 as the War Department Credit Union. Virginia Business



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-Journal


New York

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



Nation's largest 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. The Morning Call



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 News



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. RISMedia


PICTURES: Langley Credit Union Demolition (November 14, 2016) Workers are halfway done with demolition of the old Langley Federal Credit Union building in Hampton on Saville Row near the Walmart. Daily Press


Newport News Police Crime Line Video of the Week On November 25, 2016, at 4:45 PM officers were dispatched to the 1st Advantage Federal Credit Union located at 12891 Jefferson Avenue, Newport News, in reference to a bank robbery. Daily Press


Woman gets 20 years in prison for $2M credit-union fraud Afutiti’s crime was uncovered in February in a routine audit at the credit union, according to the attorney generals office. USA Today



Merger of Capital Credit Union, Pioneer Credit Union continues trend While the merger will be the states fifth so far this year, it will create Wisconsins eighth credit union with more than $1 billion in assets.


West Virginia

Former schools credit union exec charged with embezzlement Ihlenfeld II said the accounts of credit union members were never in jeopardy. WDTV 5 News


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