Credit unions

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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Earnings up 18% at Wisconsin state-chartered credit unions: Report

02/22/21

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.

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Week ahead: NCUA auctioning off McWatters’s old office furniture

02/22/21

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.”

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Credit unions across Texas dig out after historic winter storm

02/19/21

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

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New leadership in place as CEO of Somerset Federal Credit Union retires

02/19/21

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

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NCUA chief warns of new deposit insurance premiums

02/18/21

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 own.

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Mortgage boom fuels launch of UW Credit Union’s racial equity fund

02/18/21

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.

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SECU chief Mike Lord to retire in August

02/17/21

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

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Assets up 14% at United FCU as earnings slip

02/17/21

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.

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Former CEO of Simplicity Credit Union dead at 60

02/17/21

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

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