JACKSON, Miss.—Federal regulators allege former Jackson Area Federal Credit Union President and CEO Leigh Bridges and her husband, Chad Bridges, financed an extraordinarily lavish lifestyle with millions of dollars in misappropriated credit union funds, using member money to purchase luxury vehicles, designer handbags, jewelry, high-end furnishings, real estate improvements and other personal indulgences, according to court filings filed by NCUA.
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SCOTTSDALE, Ariz.—Credit unions and banks may be celebrating rising digital adoption, but new research suggests they are simultaneously losing a staggering number of potential new members and customers before relationships ever begin.
MADISON, Wis.--Credit unions are poised for stronger growth through the remainder of 2026 as improving earnings, rising capital levels and healthier liquidity position the industry to expand lending despite lingering concerns about consumer credit quality and a slowing economy, according to TruStage's latest Trends Report.
DETROIT—For nearly two decades, the conversation around bank-credit union acquisitions has largely flowed in one direction. But there is another path available under federal law—one that remains largely untouched even among seasoned industry observers.
ALEXANDRIA, Va.—Federally insured credit unions generated $20.4 billion in annualized net income during the first quarter, a 30.5% jump from a year earlier, as widening margins and lower funding costs fueled a sharp earnings rebound despite continued pressure from loan delinquencies, NCUA reported.
SARTELL, Minn.—For years, many credit unions have viewed cryptocurrency as a speculative investment best left to exchanges and fintechs. But leaders at St. Cloud Financial Credit Union believe NCUA’s latest proposed stablecoin rule signals something much bigger: regulators are beginning to build a framework for how credit unions will participate in what they see as an emerging digital-money infrastructure.
NEW YORK—For decades, credit card rewards have been one of the most powerful tools financial institutions have used to attract and retain customers. But new research suggests many issuers no longer believe their traditional rewards programs are accomplishing that mission.
CINCINNATI— As vehicle prices remain elevated and auto loan terms continue pushing further into seven-year territory, Kemba Credit Union is betting that one of the next big competitive plays in auto lending may be a simple one: letting members shop by the monthly payment they can actually afford—before they fall in love with a car they can’t.
TAMPA—When credit union leaders talk about artificial intelligence, much of the conversation tends to focus on chatbots, fraud detection or automation. But Paolo Teotino believes the technology’s most important impact may be far less visible—and far more transformative.
CORONA, Calif.—A clean quarterly report can become a dangerous comfort blanket. Good capital. Acceptable earnings. Stable delinquencies. Healthy audit outcomes. The leadership team walks out of the meeting satisfied that the credit union is performing.