ADA Lawsuits Against CUs Spike in December

More than 30 new ADA suits were filed against credit unions last month over the accessibility of their websites, likely making it a “December to remember” for many in the credit union industry. The surge brings the total number of suits filed to more...

Massive Winter Storm Forces Credit Unions to Close

League offices and dozens of credit unions from the Carolinas to Maine were forced to close Thursday as a massive winter storm generated heavy snowfalls, below zero temperatures and hurricane-force winds that are expected to cause widespread power outages. The...

2018 Needs Your Credit Union’s Help

Even Pope Francis didn’t seem to enjoy 2017. During his New Year’s Eve prayer service, he said, “We humans in so many ways ruined and hurt it [2017] with works of death, with lies and injustices.” Yikes! I use this quote as an example, not to...

Navy Federal Rebuilds Its Business Lending Engine

The nation’s largest credit union is a relatively small player in business lending, but a vender announcement Wednesday signaled Navy Federal Credit Union has aspirations to expand its portfolio, focusing on small businesses. Navy FCU ($83.7 billion in assets,...

NCUA Approves 25 Mergers in November

Among the NCUA’s approved 25 mergers in November, four credit unions were consolidated because of their poor financial condition, including a Los Angeles faith-based cooperative that posted delinquency rates ranging from zero to 100% for more than five years....