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BALTIMORE–As it has every year since 1981, MECU here is paying a cash bonus to members.

TRENTON, N.J.–Legislation that would authorize New Jersey’s state-chartered credit unions and banks to offer prize-linked savings accounts has been introduced in the General Assembly here and will be considered during a session today.

WASHINGTON—The FDIC’s board on Tuesday approved a $2.21 billion operating budget for 2016, down 4.7% from 2015. The FDIC’s decision comes shortly after NCUA approved raising its budget 4.1% for next year.

The number of mergers is down compared to last month and last year. 

LANSING, Mich. — LAFCU has announced the promotion of Kelli Ellsworth Etchison to senior vice president of marketing.

KNOXVILLE, Tenn.–Police here have arrested two men in connection with three robbery/kidnapping attempts of Tennessee financial institution employees in their own homes.

FORT LAUDERDALE, Fla.–Brett Christensen doesn’t pull any punches: Most CUs have no idea what they’re paying to generate loans; most staff are lousy at it and need to be shown the door, and most of those branches aren’t needed–especially when it comes to lending.

WICHITA, Kan.–CUlead: Leadership Excellence and Development, a comprehensive, one-year, interactive program for Kansas and Missouri credit union staff who possess leadership potential and are ready to further develop their skills, has announced its 2016 class.

ALEXANDRIA, Va.—By a pair of 3-0 votes, the NCUA board Thursday passed a final rule covering interest on lawyer trust accounts (IOLTAs) and certain other escrow accounts involving prepaid cards, as well as putting out for comment two broad categories of its rules.