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GRAND RAPIDS, Mich.—CU*Answers, data processor to nearly 200 credit unions nationwide, has named the winners of its first Cost of Compliance contest, in which participants were tasked to create a template that provides a standard way of accounting for an institution’s overall costs associated with compliance-related activities.

WASHINGTON—The credit quality of large loan commitments owned by U.S. banking organizations, foreign banking organizations, and nonbanks is generally unchanged in 2014 from the prior year, according to a report just released by several banking agencies.

CALHOUN, Tenn. – Rummaging through chair cushions in the offices of Bowarter Employees Credit Union here, exec Ginger Carter found a wedding ring.

WASHINGTON—The Pew Charitable Trusts has released a report examining mobile remote deposit capture (mRDC).

BOULDER, Colo.- Elevations Credit Union has won the Malcolm Baldrige National Quality Award, the highest presidential honor for performance excellence in innovation, improvement and visionary leadership.

DETROIT—An anonymous donor who dropped an envelope filled with $1,000 in cash at a Redford, Mich., office of Community Choice Credit Union is back.

WASHINGTON—Although it is frequently cited, the unemployment rate is not the best indicator of economic health that comes out of the monthly data from the Bureau of Labor Statistics.

EASTPOINTE, Mich. – Michigan First Credit Union has opened its new “concept financial store” that the credit union says delivers services in “untraditional” ways. Unlike a typical financial institution branch, staff use tablets to greet members when they enter and work directly with them, a process it describes as more “welcoming.”

EL PASO, Texas—The former manager of the failed El Paso's FCU facing an NCUA lawsuit for allegedly funneling $19 million into different accounts, and using some of that money to benefit herself and her husband, has been ordered to live off of her spouse's salary.