The $22 billion State Employees’ Credit Union said it looks forward to “showcasing all we’ve been doing for consumers” now that it is the first state-chartered CU to formally come under regulatory purview of the new Consumer Financial Protection Bureau.

The Maryland & DC Credit Union Association has been considering a possible merger with the New Jersey Credit Union League as Credit Union Times first reported last Thursday.

Its been four years now since lawyers from CUNA and the American Association of Credit Union Leagues drafted a so-called "Model Credit Union Act" for implementation by the leagues. But the 2011 project is off to a quick start with bills ready for introduction in several state legislatures.

The $1.7 billion Redwood Credit Union of Santa Rosa, Calif. marking its first merger in three years, is expanding its local footprint by taking over the ailing, $90 million Cal State Central CU effective April 1.

Underscoring a policy aimed at reaching out to small community banks and credit unions, the Federal Reserve Board and its district banks last week began completing a series of high-level CEO appointments to its new advisory panels.

The sign on some credit union doors this spring might be "Help Wanted: Highly Educated Chief Financial Officers, Well-Versed in the New Accounting Rules and Ready to Put in Long Hours on Mergers." And one other requirement: the employing credit union best prepare to spend big bucks for outside accounting...

The outside legal counsel for the $35 million Apex Community FCU of Pottstown, Pa., is one relieved lawyer today, after a homeless man found and turned in his lost envelope containing $1,440 in cash.

The outside legal counsel for the $35 million Apex Community FCU of Pottstown, Pa., is one relieved lawyer today, after a homeless man found and turned in his lost envelope containing $1,440 in cash.