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WINSTON-SALEM, N.C.–Two North Carolina credit unions say they have completed their merger. The $42-million Hanesbrands Credit Union has merged into the $290-million Members Credit Union.

BERRIEN SPRINGS, Mich.–Honor Credit Union here has selected the Lending 360 solution from CU Direct, which provides a comprehensive account and loan origination system (LOS).

GERMANTOWN, Md.–A CEO who has led a turnaround at one credit union has sent a letter to NCUA Chairman Rodney Hood and the agency’s board saying the agency needs to make internal changes in order to improve its efforts in helping CUs return to the black.

WASHINGTON–FDIC-insured banks reported aggregate net income of $62.6 billion in the second quarter of 2019, an increase of $2.5 billion (4.1%) from a year earlier, according to data released by the FDIC.

CHARLESTON, S.C.—With a storm surge expected to rival that of Hurricane Hugo two decades ago, Hurricane Dorian has had credit unions in the Carolinas closing offices and preparing for the worst, although most CU offices are expected to be open today.

WASHINGTON–After years of discussion, the Trump Administration has released its plans for reforming the housing finance system, including a proposal to overhaul Fannie Mae and Freddie Mac, which have been operating under federal conservatorship for more than a decade.

BROOKFIELD, Wis.–Fiserv said a new partnership withPayActiv will enhance employee financial wellness by allowing access to earned wages ahead of a payday.  

WASHINGTON–Analysts are applauding the Treasury Department for finally releasing a plan for reforming the housing finance system, but say many details remain to be proposed and it’s unlikely Congress will move on the issue anytime soon.

GREENSBORO, N.C. – A credit union employee was shot and killed in the CU’s parking lot by her estranged husband, who then killed himself.

DUBLIN, Ireland–More than half of college students in Ireland report they have skipped lectures and classroom time in order to work jobs and make money to pay soaring rents, according to a new survey from the Irish League of Credit Unions.