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NEWARK, N.J. – Three men were arrested in connection with a cryptocurrency mining scheme that defrauded investors of $722 million, U.S. Attorney Craig Carpenito said.

LOS ANGELES – A man has been sentenced here for a string of robberies against credit unions—including two CU robberies he committed while out on bond awaiting trial on federal bank robbery charges.

KYIV, Ukraine.—Ukraine’s Ministry of Justice has approved a new set of financial standards, which were developed with significant support from senior experts at the World Council of Credit Unions/USAID Credit for Agriculture Producers (CAP) Project, according to the association.

KINGSPORT, Tenn.–Eastman Credit Union has announced another big year-end dividend for members.

VISALIA, Calif.–A California  credit union has agreed to pay $450,000 to settle an Equal Employment Opportunity Commission lawsuit alleging it unlawfully passed over three senior female employees for its chief executive position in favor of a younger, inexperienced male applicant.

MADISON, Wis.–For the first time in seven years, consumer loans grew at a slower pace than other lenders during October, while CUs added a modest 158,000 new members, in October, or 0.13%, slower than the 227,000 new members during October 2018.

RANCHO CUCAMONGA, Calif. – Credit and debit cardholders appear to be spending more on their holiday shopping this year as compared to last, according to CO-OP Financial Services’ analysis of card transaction data from Thanksgiving Day through Cyber Monday. 

JACKSON, Tenn.–Leaders Credit Union spread holiday cheer with their 4th annual “From Leaders with Love” Christmas project.

ARLINGTON, Va.—Credit unions continue to show stronger loan growth than banks, although the margin is narrowing, according to NAFCU’s third-quarter CU Industry Trends report.

PASADENA, Calif.–Wescom Credit Union hosted its fifth annual Christmas tree giveaway over the weekend.