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ATLANTA—A federal judge has issued final approval on a $25-million settlement between Home Depot and financial institutions involved in a class action lawsuit against the company.

WASHINGTON—The Department of Labor's (DOL) overtime rule should be revised with more flexibility and reasonable benchmarks to ensure the credit union industry isn't harmed by the rule, NAFCU wrote in a comment letter to the department.

ARLINGTON, Va.—While credit unions are confident they'll meet the Jan. 1, 2018, compliance deadline for key changes to reporting requirements under the Home Mortgage Disclosure Act (HMDA), only one-in-10 have received final updates from their vendors to implement the new data points, according to NAFCU's latest Economic & CU Monitor survey report.

MADISON, Wis.–The “fastest membership growth in more than a generation” and strong loan growth can be seen in the latest credit union industry performance numbers.

NAPERVILLE, Ill.–In its third year, the Credit Union Executive Leadership Symposium hosted by Alloya Corporate FCU and its wholly-owned CUSO, Balance Sheet Solutions, LLC, brought together credit union leaders from across the nation to hear from a wide-array of speakers presenting on industry trends, the economy and leadership.

MOON TOWNSHIP, Penn.—Clearview Credit Union contends that the standard free checking account is no longer good business, and that a relationship-priced product—with a $10,000 minimum average monthly deposit balance to avoid a fee—is the better way to go.

WEST BABYON, N.Y.–Suffolk FCU Branch Manager Mary Warren-Mancini has presented a $1,000 contribution to the West Babylon Public Library.

WASHINGTON—While no changes to credit unions' federal tax exemption were proposed in the Republicans' latest tax reform framework released today, NAFCU and CUNA said they will continue to tout the importance of the exemption to CUs and the economy as Congress begins its work on this issue.

AUSTIN, Texas– Greater Texas Credit Union raised $21,570  through employee and member fundraising, which was then matched by the credit union and presented by check to the American Red Cross to support their Hurricane Harvey Relief efforts.  

NEWPORT NEWS, Va. - Langley Federal Credit Union named Will Sampson as Senior Vice President/Chief Information Officer for the $2.4 billion CU.