Credit unions
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How credit unions in California, Hawaii are rethinking branch models
Credit unions are modernizing their branch networks by incorporating smaller, more efficient designs and creatively managing real estate. Institutions in…
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Truliant Federal Credit Union in North Carolina names diversity leader
Truliant Federal Credit Union in Winston-Salem, North Carolina, has promoted Precious Quire-McCloud to oversee the credit union’s initiatives for diversity,…
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Credit union in Michigan to buy Florida bank in seventh such deal of 2022
DFCU Financial plans to enter the Florida market through a bank acquisition. The Dearborn, Michigan-based credit union said Thursday that…
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Four Minnesota credit unions join forces to capture more commercial loans
Most credit unions do commercial lending, but when business members seek loans above a certain dollar amount the credit unions…
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Maryland credit union service organization acquires Wisconsin CUSO
The Cockeysville, Maryland-based credit union service organization Think Stack has purchased the Milwaukee-based CUSO Emergifi. Think Stack’s acquisition of Emergifi,…
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Space City Credit Union merges with Houston-area peer
The merger of two Texas credit unions will mean many more branching options for some members. The $47 million-asset Brazosport…
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How bots help Teachers Federal Credit Union prep for nationwide growth
Teachers Federal Credit Union is using robotic process automation to improve operational efficiency and eliminate manual tasks — and fuel…
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Banks, credit unions paying top dollar to hire lenders
Amid the disruption imposed by the pandemic and an ensuing merger-and-acquisition wave, veteran lenders have a wealth of career options.…
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CEO of Tropical Financial Credit Union in Florida retiring
Richard Helber, longtime president and chief executive of Tropical Financial Credit Union in Miramar, Florida, has retired. The $1 billion-asset…
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NCUA lowering barriers for startup credit unions
Top regulators at the National Credit Union Administration have simplified the procedure to start up a new credit union as…
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Bank-credit union deal in Midwest is sixth this year
Another credit union is acquiring a community bank. CoVantage Credit Union in Antigo, Wisconsin, said Wednesday it has agreed to…
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Despite stellar credit quality, small lenders expect economic headwinds
Small lenders are enjoying healthier loan portfolios while at the same time bracing for potential setbacks related to higher interest…
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Consumers believe credit unions lag digitally. Do they?
A recent survey found U.S. credit union customers were more satisfied with their financial institution than customers at large national…
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CommonWealth Central Credit Union in California names insider as next CEO
CommonWealth Central Credit Union in San Jose, California, has tapped Viktoria Earle to become its next president and CEO. Viktoria…
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Credit unions eagerly pursuing fintech partnerships
Credit unions are having to keep up with shifting consumer expectations, shaped by the latest offerings from digital challengers. Their…
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Credit unions continue to buy banks despite bank lobby, regulator pushback
Regulators in a half dozen states have now thrown at least temporary roadblocks in front of credit unions’ efforts to…
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Louisiana Credit Union League hires non-profit vet to be CEO
The Louisiana Credit Union League in Harahan has appointed Matt Rookard as its next president and chief executive. Rookard, who…
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First Entertainment Credit Union names new CEO
First Entertainment Credit Union in Hollywood, California, has named Stephen Owen as its next president and chief executive. Owen, who…
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How a California credit union taught its English-speaking bot to speak Spanish
To keep up with large banks, Community First Credit Union in Santa Rosa, California, wanted to launch a conversational bot…
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Indiana Members Credit Union names new CEO
Indiana Members Credit Union in Indianapolis has promoted John Newett to become its next president and chief executive. The $3…
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VyStar, First Coastal Federal Credit Union in Florida to merge
VyStar Credit Union in Jacksonville, Florida, has agreed to merge with First Coast Federal Credit Union, which is also headquartered…
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Hawaii Credit Union League names new CEO
The Hawaii Credit Union League has named Carol Marx as its next president and chief executive. Marx, who was most…
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Colorado credit unions face another setback in bid for public deposits
A proposal to allow public institutions to deposit funds at credit unions has been indefinitely postponed, but those for and…
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Credit unions face historic pressure to make loans
Two years since the start of the pandemic, the coronavirus’s impact is still taking its toll on credit unions’ balance…
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Largest credit union deal for a bank delayed a third time
Once again, VyStar Credit Union in Jacksonville, Florida, has extended the timeline to close its acquisition of Heritage Southeast Bank…
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NCUA’s proposed succession mandate draws concern of overreach
The National Credit Union Administration is gathering feedback on a potential rule that it says would preserve the viability of…
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Ex-CEO of Vermont credit union leads opposition to merger
The planned merger of the two largest credit unions headquartered in Vermont has encountered pushback from past leaders. Vermont State…
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Marshall Community Credit Union in Michigan names new CEO
Marshall Community Credit Union in Marshall, Michigan, has named Corrie Rozell as its permanent chief executive. Rozell has been interim…
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Former Arizona credit union CEO sentenced to prison for embezzlement
A former credit union CEO was sentenced to 26 months in prison and ordered to pay nearly $2.4 million in…
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Merge or die? Small credit unions struggle to stay afloat.
Despite recent struggles including a decline in lending and a loss of membership, Central Nebraska Federal Credit Union has not…
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NCUA distributing $569 million to resolve corporate credit union failures
The National Credit Union Administration will distribute another $569 million to thousands of credit unions to resolve the failure of…
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Another Georgia credit union buying rival community bank
Another Georgia credit union is buying one of the state’s community banks. Robins Financial Credit Union in Warner Robins announced…
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In renewing old tradition, CUNA members confront modern challenges
As credit unions plot their recovery from the pandemic, they’re looking to their peers for clues on economic health and…
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Co-Op Financial Services rebrands as Co-Op Solutions
Co-Op Financial Services is rebranding as Co-Op Solutions to align with its mission of becoming a more full-featured financial technology…
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CFPB data collection plan may be too costly for some banks, credit unions
Credit unions and banks serving local community institutions could abandon small-business lending efforts because of the potential cost of complying…
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Georgia’s Own signs first credit union-bank deal of 2022
In the first deal of 2022 involving a credit union buying a bank, Georgia’s Own Credit Union in Atlanta has…
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Dort Financial Credit Union in Michigan names new CEO
Dort Financial Credit Union in Grand Blanc, Michigan, has named Brian Waldron as its next chief executive. The $1.4 billion-asset…
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A look at the unionization efforts at two small financial institutions
It’s rare for the staff of any financial financial institution in the U.S. to unionize. But the employees of Genesee…
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Fairwinds Credit Union buying Citizens Bank of Florida
Fairwinds Credit Union is set to expand its commercial lending portfolio by acquiring a community bank. The $3.9 billion-asset credit…
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South Bay Credit Union hires new president and CEO
South Bay Credit Union in Redondo Beach, California, has hired Paris Chevalier as its president and CEO after a national…
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Alliance of women CEOs aims to save small credit unions
Small credit unions, which are largely run by women, are quickly being merged out of existence. The coronavirus pandemic has…
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New administration poses new challenges for credit union advocacy
Credit unions have their work cut out for them if they hope to see some of the industry’s priorities passed…
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