Credit unions

ICBA revives credit union attacks after pandemic lull

02/03/21

The bank trade group called for lawmakers to revoke the industry’s tax exemption and suggested that credit union acquisitions of banks create a “brain drain” of local lending expertise that could slow any economic recovery.

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Michigan's Financial Plus approved for statewide field of membership

02/03/21

The Flint-based credit union is the state's third in just over one year to get the OK for an expansion allowing anyone who lives or works in the state to join.

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Credit unions play waiting game with commercial lending

02/03/21

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.

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Point Breeze begins leadership transition by splitting executive roles

02/02/21

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.

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Ball State Financial CEO retires after merger

02/02/21

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

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Facilities woes push Cal Poly FCU to merge with SchoolsFirst

02/02/21

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.

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First Community in Texas names successor as CEO retires

02/01/21

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.

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NCUA’s Harper taps former CFPB official as chief of staff

02/01/21

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

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Pandemic drives small Scranton credit union to merge

02/01/21

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

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Credit union groups start small in returning to live conferences

02/01/21

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

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