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EL SEGUNDO, Calif.–Members of the $102-million Reach FCU here have agreed to a merger with the $980-million Xceed Financial Credit Union.

ARLINGTON, Texas–Texas Trust Credit Union has won the Carat Award, along with a Diamond Award, for the credit union marketing campaign that achieves the greatest impact out of all the Diamond award winners. The award was presented by the CUNA Marketing & Business Development Council.

WASHINGTON—The CFPB has issued an advisory and a report with recommendations for banks and credit unions on how to prevent, recognize, report, and respond to financial exploitation of older Americans.

GREENVILLE, S.C—MTC Federal Credit Union said it is paying a $1,000,000 “Relationship Dividend” to its members.

WASHINGTON–Mortgage applications decreased 3.3% week over week in the latest data released by the Mortgage Bankers Association. The slowdown came even as loan rates decreased on all loan types at the same time, the MBA said.

MADISON, WIS.—Filene Research Institute is now seeking applicants from the United States and Canada to participate in its Filene i³ innovation program, an intensive, 24-month curriculum designed to “generate groundbreaking new ideas and position participants to carry the torch for growth and innovation in the credit union market.”

ARLINGTON, Va.—NAFCU has strongly urged the Financial Standards Accounting Board to issue an updated exposure draft for public comment before it finalizes its credit losses standard.

WASHINGTON – Contrary to the perception that the pace of mergers has been increasing, the number of CUs lost to merger in 2015 actually declined, according to new data released by Callahan & Associates.

ALEXANDRIA, Va.—NCUA Thursday announced that it has accepted a $29-million offer of judgment from Credit Suisse to resolve claims arising from losses related to purchases of residential mortgage-backed securities by Members United and Southwest corporate credit unions.

WASHINGTON–The Senate today will hold a hearing titled “Assessing The Effects Of Consumer Finance Regulations,” and both NAFCU and CUNA will be closely following the proceedings.