Aaron Passman is editor of Credit Union Journal, the nation’s leading credit union news resource. He was appointed editor in 2018 after two years as an assistant editor at CUJ and nearly five years as a reporter there. He has worked as a staff writer or freelancer for a variety of publications across the country and is a graduate of the University of Kansas.
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The $282 million-asset institution's new name is intended to build on its work with underserved communities around St. Louis.
September 15 -
The Credit Union Cherry Blossom Run, the industry's biggest annual philanthropic event, saw a nearly 10% increase in giving this year despite being canceled.
September 15 -
It's unlikely that lawmakers will pass new coronavirus-related legislation before Congress leaves for its October recess.
September 14 -
Federal credit unions still account for more than 60% of active institutions, but their share of total assets continues to shrink.
September 14 -
A new program will provide tuition-free schooling opportunities for those who stayed on the job during the state's lockdown earlier this year.
September 10 -
A trio of small credit unions designated as minority depository institutions have been matched with larger institutions to improve outreach to low-income and underserved consumers.
September 10 -
The pandemic and economic downturn upended most institutions' advertising plans for the year, and many credit unions have had to adjust not only their messaging but also the loan products they are promoting.
September 10 -
The industry saw small gains in many loan categories during the second quarter, but credit cards declined. A new study from WalletHub shows the biggest quarterly drop in credit card balances in over 30 years.
September 9 -
In congressional testimony, the director of the credit union regulator's Office of Minority and Women Inclusion outlined steps the agency is taking to increase diversity at the agency.
September 8 -
Thanks to a donation from the Credit Union Federation of Korea, the global trade group is working with international partners to distribute personal protective equipment to institutions in need.
September 8 -
A new jobs report was better than expected, but recent NCUA data on credit union performance for the first half of 2020 shows how hard the industry has been hit by COVID-19.
September 8 -
A new report from the National Credit Union Administration shows how hard the industry was hit during the second quarter as businesses closed and consumer spending dropped.
September 8 -
Wallace Watanabe spent more than 40 years at the Honolulu-based credit union, including serving as CEO from 1992 until his retirement in 2013.
September 4 -
A plan to merge the $5.5 million-asset credit union into Cal-Com FCU will provide additional services for members while also easing the process of replacing several employees who plan to retire this year.
September 4 -
The purchase-and-assumption transaction, if approved, would become the first credit union-bank merger in Alabama.
September 3 -
Victories in Massachusetts earlier this week bring the Credit Union Legislative Action Council to a 96% success rate backing races in this election cycle.
September 3 -
With on-site supervision off the table indefinitely, various credit union trade associations have suggested how NCUA could improve remote exams, including issues related to exam timelines and cybersecurity.
September 3 -
The Vermont-based credit union received the OK from federal regulators to add 650,000 potential members to its FOM, an increase of 15%.
September 3 -
Richard Pillow will step down after more than four decades in the industry.
September 3 -
The two institutions have assets of more than $215 million and serve over 12,000 members.
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