Credit Unions Finalize Mergers

Credit unions in Wisconsin expect to complete a merger early next year while credit unions in Indiana and New Hampshire have recently announced the completion of consolidations. The $42.9 million Horizon Community Credit Union in Green Bay, Wis. will complete its...

NCUA Board to Vote on Budget on Nov. 17

The NCUA board will vote on the agency’s 2017 budget plan at its meeting on Nov. 17. The board held a briefing on the budget last month. The briefing included panelists from credit union and trade groups—several of whom criticized the budget. The agency...

NCUA Named Conservator of Troubled Michigan Credit Union

The Michigan Department of Insurance and Financial Services Nov. 9 appointed the NCUA as the conservator of the financially troubled $22.3 million Valley State Credit Union in Saginaw. The MDIFS placed Valley State into conservatorship on Aug. 17 because of unsafe and...

Mannequin Challenge Accepted

[embedded content] GTE Financial has taken on the latest must watch video trend: The Mannequin Challenge. The #MannequinChallenge is the viral video craze where groups of people stand completely still while one person with a camera does an aerial tour of the scene...

NAFCU, CUNA See No Threat to MBL Rule Under Trump

The two largest credit union trade organizations said Thursday they see no threat to eased borrowing rules for Member Business Loans in the coming Trump administration. The NCUA adopted the rule in March freeing credit unions from seeking NCUA approval when buying...