Royal CU Completes Capital Bank Purchase

The $1.8 billion Royal Credit Union completed its acquisition of Capital Bank in Saint Paul Monday. The transition of Capital Bank’s branch took place over the weekend, and on Monday Capital Bank customers became members of Royal CU. The Eau Claire, Wis.-based...

Chartway FCU, Firefly CU, Ent CU Reveal Staff Moves

This past week, employees made career advancements at credit unions from coast to coast, including Chartway Federal Credit Union, where six employees were promoted. WEST The $1 billion Oregon State Credit Union in Corvallis, Ore., hired Shane Kelley as a commercial...

Threading the Needle on Payday Loan Regulation

Credit unions are currently evaluating the first-ever federal regulations for payday loans and auto title loans, proposed in June by the CFPB. Public comments are due Oct. 7. As someone experienced in offering a payday alternative product, I believe the CFPB is...

Cybersecurity Sharing Launches for Credit Unions

The National Credit Union Information Sharing and Analysis Organization officially announced its launch. Their mission – to advance cyberresilience, real-time security situational awareness information sharing, and coordinated response. “This is the first...

Former Teller Pleads Not Guilty to Theft

Shanice M. Mano, a former teller of the $969 million Credit Union 1, pleaded not guilty to a felony theft charge last week in U.S. District Court in Anchorage, Alaska. Federal prosecutors said, in court documents, that Mano allegedly embezzled more than $111,000 from...