News Topic: Credit unions

The 30-day extension comes after the American Bankers Association requested additional time to consider the rule's impact. ]] ... Read full article

The Colorado credit union has pledged to match at least $50,000 in donations to a local foundation assisting with the community's recovery following a mass shooting at a grocery store that left 10 people dead. ]] ... Read full article

Credit unions were already transforming their home loan operations before COVID-19, but many of the adjustments made as a result of the outbreak are likely to become permanent. ]] ... Read full article

Matthew Gehman will take the helm at the Lancaster, Pa., institution on April 1, succeeding W. Kent Hartzler, who has been CEO since 2007. ]] ... Read full article

While many institutions are part of nationwide shared-branch networks, three Southern California credit unions have agreed to share one facility. The arrangement is believed to be the only one of its kind. ]] ... Read full article

The Dunedin, Fla.-based institution reported an 18.8% surge in assets last year, along with substantial growth in commercial lending, thanks in part to the Paycheck Protection Program. ]] ... Read full article

A planned combination of Maine State Credit Union in Augusta and Midcoast Federal Credit Union in Freeport has been nixed despite receiving approval from regulators. ]] ... Read full article

The Arlington-based institution made gains across several metrics in 2020, including loan growth of 22%, driven in part by the mortgage refi boom. ]] ... Read full article

David Murphy, the credit union's vice president of risk and finance, will succeed Carol Adler, who is retiring. ]] ... Read full article

Some institutions have experimented with cash-based rewards to kick-start membership growth, but it's unclear whether the strategy will be widely adopted. ]] ... Read full article

CUNA Mutual Group's latest Credit Union Trends Report shows consumers continue to deleverage thanks to stimulus payments and cash-out refinancing, though membership picked up slightly. ]] ... Read full article

Paul Marsh resigned as president and CEO of the South Bend, Ind., credit union on Tuesday after 30 years there. An interim chief has been named and the board is searching for a permanent successor. ]] ... Read full article

Timothy Collia will step down from the Portsmouth, N.H.-based institution later this year. A search for his successor is already underway. ]] ... Read full article

Early in the pandemic, Michigan's Astera Credit Union realized that if it could not support touchless transactions, its members were likely to go elsewhere. ]] ... Read full article

Changes to CDFI Fund regulations could make it significantly easier to raise the capital required to get a new institution off the ground. ]] ... Read full article

Twelve months after the public health emergency began, executives say it forced them to reexamine where employees work, retail strategies, office layouts and more. ]] ... Read full article

Several organizations serving the industry are speaking out following the murders of eight Asian women in Atlanta. ]] ... Read full article

Jay Murray has spent 30 years with the corporate credit union but plans to leave in June to spend more time with family. ]] ... Read full article