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WARRENTON, Va.–A judge has ruled that Northern Piedmont FCU, which lost nearly $2-million as the result of loan participations with another CU that failed due to an embezzlement, will stand in line ahead of NCUA when it comes to restitution payments.

WASHINGTON–CUNA is reporting $1.575 million in net income for 2014 on total revenue of $55.7 million, according to its just-released IRS form 990.

FARMERS BRANCH, Texas— Metro Medical Credit Union has named Cesar Ruiz as its new vice president. The executive search was conducted by Credit Union Resources for the $66-million dollar credit union. 

WASHINGTON, Penn.—Predicting that the typical CU business model won’t survive in the not-too-distant future, Chrome FCU is overhauling its branches to address what it says are consumers’ changing needs and growing competition from outside the financial services sector.

CENTENNIAL, Colo. – Metrum Community Credit Union here has been approved for a community charter by the Colorado Division of Financial Services.

SAN ANTONIO–A new analysis suggests a strong correlation between active check-writing among consumers and “high-value financial relationships.”

BEIJING, China—Online lending in China is being dealt a serious blow as the country plans to tighten regulations governing the nation’s 270 online-payment firms, including Alibaba Group Holding Ltd.’s finance arm.

COLUMBUS, Ohio–Corporate One announces the election William P. Allender, president and CEO of BMI FCU, to its board.