Credit unions

The Gainesville, Fla.-based credit union has converted from a federal to a state charter and will debut its new brand identity early next month.

The credit union regulator's monthly meeting will cover the agency's budget proposal and subordinated debt, among other items, along with taking another shot at an overdraft proposal that was rejected earlier this year.

The process will see the state's largest credit union split its president and CEO roles until longtime chief executive John Reed retires in January 2023.

To improve a declining rating in the annual American Consumer Satisfaction Index, credit unions may have to make hefty investments in technology upgrades, something most of them can't afford.

Canoga Postal's merger plans mark the second consolidation in a month for institutions serving USPS employees.