Growth strategies

South State agrees to buy national brokerage company

10/15/20

Duncan-Williams, which serves institutional clients, will help South State expand its correspondent lending operations.

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SESLOC Federal Credit Union passes $1 billion-asset mark

10/13/20

The California-based institution joins a small group of CUs that represent only about 7% of institutions but hold about 70% of industry assets.

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Community First plans to enter Tennessee with SFB acquisition

10/11/20

The South Carolina company has agreed to buy the parent of Security Federal Bank.

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Maine State, Midcoast FCU plan merger

10/09/20

The deal is expected to close sometime next year but is still subject to regulatory and member approval.

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What's driving skyrocketing demand for boat, RV loans

10/07/20

Many consumers are taking to the highways and the water for safe getaways during the pandemic — powering one of the few bright spots in lending. However, bankers warn that boomlets usually come with distinctive credit risks.

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Global credit union membership surged by 59% in last decade

10/07/20

Last year, credit unions surpassed 291 million members in 118 countries.

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Methodist credit union's rebrand part of broader trend

10/05/20

The number of religiously affiliated credit unions continues to dwindle and many have changed their name as part of a push to diversify their fields of membership.

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Piedmont Bancorp looks to add scale around Atlanta with WestStar purchase

10/05/20

The Georgia company will add nearly $200 million in assets as part of the acquisition.

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Organizers propose 'values-based' bank in Florida

10/05/20

Climate First Bank, which would be led by veteran banker Ken LaRoe, would offer loans to help individuals and organizations make environmentally sound decisions.

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Ohio University Credit Union adds 8 counties to field of membership

10/02/20

The expansion will give the $416 million-asset institution a deeper reach into southern parts of the state.

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