Credit unions

NCUA bans ex-NYPD officer who embezzled from Municipal Credit Union

02/26/21

The regulator issued a prohibition order to Joseph Guagliardo, who admitted to taking more than $400,000 from the New York City-based institution over the course of nearly a decade.

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REV Federal Credit Union gears up for double merger

02/26/21

Members of two smaller institutions will soon vote on whether to join South Carolina-based REV, boosting its assets by 15% and giving it a foothold in North Carolina.

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Credit union boards slow to diversify despite mounting pressure

02/26/21

The ongoing national conversation about race and social justice has increased calls for boards of directors that better reflect credit union membership. But any really change won't happen quickly.

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Merck Sharp & Dohme FCU names next chief executive

02/25/21

Dana DeFilippis will take the helm at the Chalfont, Pa.-based credit union next month. She succeeds retiring CEO David Whitehead.

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Pandemic slowed membership, lending to slowest growth rate in years

02/25/21

A new report from CUNA Mutual Group shows just how much COVID-19 and the economic slowdown impacted the credit union industry in 2020.

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4 ways credit unions can keep branches relevant

02/24/21

As self-service banking offerings continue to gain ground, financial firms must evolve their brick-and-mortar facilities in order to better serve consumers.

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NCUA's furniture fiasco highlights personality conflicts on the board

02/24/21

The credit union regulator's unusual attempt to auction pricey items from a former chairman's office has revealed more about interoffice dynamics at the agency.

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Allegacy FCU bolsters executive team

02/23/21

The North Carolina-based credit union appointed a new chief financial officer and a new president to its for-profit arm.

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Verity Credit Union CEO announces retirement

02/23/21

John Zmolek has been involved with the Seattle-based institution for more than three decades. A successor has not yet been named.

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Credit unions turn to digital outreach as membership growth slows

02/22/21

Some in the industry are beefing up online educational offerings and enlisting social media ambassadors on college campuses to help recruit younger consumers.

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