News Topic: Credit unions

Any business loan growth the industry sees this year will be closely tied to mass vaccination efforts and a broader economic recovery, meaning it may take until at least the third quarter for pent-up demand to translate into new opportunities. ... Read full article

The Maryland-based credit union has promoted Chief Operating Officer Tonia Niedzialkowski to president of the organization with an eye toward eventually naming her CEO. ... Read full article

Randy Glassman spent 33 years in the industry and recently led his credit union through a merger into Financial Center First Credit Union. ... Read full article

California Polytechnic State University is said to be seeking a new banking partner, a move which could leave the university-based credit union without a home. ... Read full article

T.J. Tijerina, a 16-year employee at the Houston-based credit union, has taken over as president and CEO in advance of Ron Downing’s retirement later this year. ... Read full article

After rising losses in 2020, First Credit Union of Scranton is seeking members' approval to merge into Penn East FCU. ... Read full article

Catherine Galicia formerly led the Consumer Financial Protection Bureau's legislative affairs division, and has extensive experience in banking and on Capitol Hill. ... Read full article

Some in the industry are planning in-person events, but the largest meetings are still unlikely to reconvene for a while. ... Read full article

Donna Young, who has spent more than three decades at the Nashville-based credit union, succeeds Joe Spivey, who retired earlier this year. ... Read full article

The credit union regulator's first prohibitions of 2021 relate to misuse of member funds at institutions in Alaska and Florida. ... Read full article

The credit union expects to open at least eight branches across the country in the months ahead, about half of what it normally adds to its brick-and-mortar network in an average year. ... Read full article

A deal to bring Coulee Dam FCU into the fold will expand the Spokane, Wash.-based credit union's branch network while providing a wider array of technologies to the former CDFCU members. ... Read full article

Kathleen Bierlein Yancer served the Michigan-based institution for more than 30 years before retiring in 2003. ... Read full article

The regulator must rediscover bipartisanship and collaboration while ensuring new regulations don't overstep the Federal Credit Union Act. ... Read full article

The Indiana-based credit union increased its starting pay for the second time in two years as part of a push to boost compensation that began in 2017. ... Read full article

The credit union will provide a one-time stimulus check for all employees who worked through the COVID-19 crisis, similar to a recent move at Bank of America. ... Read full article

Todd Harper, a Democrat, says he will continue his efforts to increase the agency's consumer advocacy role, despite opposition from the industry and two Republican board members. ... Read full article

The Bridgewater, N.J.-based credit union promoted Frank Almeida to president and CEO, the final step in process it began when he was hired in 2014. ... Read full article