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NEW YORK—One-in-five Americans say they have more credit card debt than emergency savings, according to a new study.

GLENDALE, Calif.–Two credit unions have named new CEOs. The $928-million Los Angeles FCU has named Richard Lie as president/CEO. He had previously served as VP/CFO for 23 years at LAFCU, and succeeds John Dea. 

WICHITA, Kan.–Two Kansas credit unions have announced merger plans. The $805-million Credit Union of America said it has reached an agreement with the $36-million Central Kansas Credit Union.

PORTSMOUTH, N.H. – Service Credit Union (SCU) has been named the top auto lender in the New England/New York region and 10^thnationally for 2017 by CU Direct. 

RANCHO CUCAMONGA, Calif. – CO-OP Financial Services has introduced MyCO-OP, a new client portal that will provide credit unions with secure, universal access to CO-OP applications through a single, highly intuitive user interface, the company said.

ARLINGTON, Va.—New home sales decreased 7.8% in January – representing a 1% decrease from sales a year ago.

ST. PETERSBURG, Fla.—PSCU acquired CU Recovery and The Loan Service Center in a move to expand the CUSO’s ability to service its credit unions with a comprehensive collections offering. Both businesses have existed for more than three decades.

DOVER, Ohio—CUNA and the Ohio Credit Union League Tuesday filed an amicus brief in the U.S. District Court for the Northern District of Ohio defending a credit union hit with a lawsuit alleging violations of the Americans with Disabilities Act (ADA).

WASHINGTON–The TRID Improvement Act of 2018 (H.R. 5078) has passed in the House with a 53-5 vote. Amendments under the bill include clarifications to the Real Estate Settlement Procedures Act, requiring the Consumer Financial Protection Bureau to allow the accurate disclosure of title insurance premiums and any potential available discounts to homebuyers.  

DOVER, Ohio–More than 100 member accounts at Dover-Phila FCU have been drained of funds by crooks.