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CLINTON TOWNSHIP, Mich. – In October, FreeStar Financial Credit Union Board of Directors accepted the resignation of Jonel Jakupi, board trustee, and appointed a new member, Catherine Patyi, to fill the vacant position.

WASHINGTON – The U.S. Senate voted 50-49 to confirm Kathy Kraninger as the next head of the Bureau of Consumer Financial Protection.

RICHLAND, Wash.–Two Washington credit unions have announced plans to merge and form a multi-billion institution. The $2-billion GESA Credit Union here and the $1.3-billion Inspirus Credit Union, Seattle, said they plan to combine and will now seek regulatory approval and a vote by members.

NEW YORK—General Motors’ plans to close seven factories worldwide by the end of next year is not a sign lenders need to begin giving serious thought to shifting portfolios away from good-old-fashioned auto loans toward financing solutions for car subscription services or monthly expenses for self-driving car rides. Instead, it’s a sign of something else, say the experts.

WASHINGTON—The NAFCU board this week met with Federal Reserve Vice Chairman of Supervision Randal Quarles to present findings from the association's 2018 Report on Credit Unions and to discuss issues critical to the credit union industry.