Credit unions

‘$1 billion is not enough’: Why credit union M&A is poised to accelerate

01/26/21

Intensifying competition from banks could persuade large credit unions — particularly those with more than $1 billion of assets — to join forces in 2021.

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GreenState Credit Union pledges $500M toward racial equity efforts

01/25/21

The Iowa-based institution hopes the funds can help narrow the racial homeownership gap in the state, which is believed to be among the worst in the nation.

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Wings Financial to buy another bank

01/25/21

The Minnesota credit union’s deal for Brainerd Savings & Loan comes about 11 months after it bought Neighborhood National Bank in Minnesota.

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White House elevates Todd Harper to NCUA chairman

01/25/21

Harper, a Democrat, had long been expected to be promoted to the chairmanship under a Biden administration, but he could face an uphill climb moving his priorities forward.

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NCUA’s derivatives rule could be boon for large credit unions

01/25/21

Under a proposed rule change, credit unions would no longer need to seek pre-approval from the regulator before entering into interest rate swaps, speeding up transactions for some of the industry’s biggest institutions that already hold over 80% of total assets.

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North Bay's pot banking business gets a boost from new partnership

01/22/21

A recent agreement with the California Cannabis Industry Association will make it easier for legal cannabis businesses across the state to join the $92 million-asset credit union.

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Rising revenues fuel minimum wage hike at Oregon Community Credit Union

01/22/21

The Eugene-based institution joined a small but growing number of credit unions that have raised their entry-level pay in recent years.

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Massachusetts is latest state to modernize credit union statues

01/21/21

A bill updating the commonwealth's credit union act, signed into law on Jan. 12, is said to be the most comprehensive update of the state charter in 30 years.

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NCUA quietly approves supervisory guidance rule

01/20/21

The agency used a notation vote to advance the final measure, the third time it has used that method in a month.

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Visions FCU donates to help launch racial justice institute

01/20/21

The credit union announced a $1 million commitment to the New Jersey Education Association spread over 10 years, with the first installment helping expand the group’s Human and Civil Rights Division.

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