News Topic: Credit unions

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. ... Read full article

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. ... Read full article

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

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

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

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. ... Read full article

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

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

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

New data from the state regulator shows gains across several key metrics even as allowances for loan losses surged and the loan-to-savings ratio fell by more than 10 points. ... Read full article

The sale has revived a long-running feud between former chairmen Mark McWatters and Rodney Hood, who tweeted, "Credit unions deserve better stewardship of agency resources.” ... Read full article

A severe cold snap in the state has tested financial institutions unaccustomed to such weather-related disruption. ... Read full article

Joseph Lajoie has succeeded Pamela Mello, who stepped down last month after more than five years in charge. ... Read full article

Todd Harper, chairman of the National Credit Union Administration, said new assessments are likely needed because of an influx of deposits, but industry groups and other board members say the agency should wait to see if the reserve ratio recovers on its ... Read full article

The Madison, Wis.-based credit union will donate $1.5 million to a pair of United Way chapters in the region which will help distribute the funds to organizations serving communities of color. ... Read full article

The longtime leader joined State Employees' Credit Union, the second-largest CU in the nation, in 1975 and was named CEO in 2016. ... Read full article

Net income and loan volumes at the Michigan-based credit union were both down in 2020 but noninterest income shot up 41% thanks in part to participation in the Paycheck Protection Program. ... Read full article

Patricia Wesenberg spent more than two decades at the Wisconsin-based institution but retired in October to deal with health issues. ... Read full article