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.


Small business credit cards 101 MSN News


Florida

Pen Air Federal Credit Union opens latest full-service branch on Airport Boulevard in Pensacola The location is the 16th full-service branch for the credit union, along with three student-run credit unions at local high schools. Pensacola News Journal


Hawaii

County / In Brief The merger will bring together the membership, assets and services of the two credit unions under MCFCU. The Maui News


Indiana

Robber racks up 46 years of prison time for Lafayette crimes Charles David Hunter III will spend most of his adult life in prison for dealing drugs and robbing a local credit union. Journal & Courier


General, Partners 1st Federal credit unions to merge | Business | Journal Gazette The merger proposal will go before the members of General Credit Union in the coming weeks for a vote, the Fort Wayne-based credit unions said in a statement. Fort Wayne Journal Gazette


Service Credit Union Selects nCino to Support Business Services Initiatives Its Business Services department is expanding quickly, and the credit union required a sophisticated operations platform to help support and maintain that growth. Business Wire via Yahoo Finance


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