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 Kansas City-area institution has sponsored the NFL’s Chiefs since 2016, but became its official banking partner in 2019. The timing couldn’t have been better.
January 31 -
The regulator's most recent prohibitions include multiple charges of fraud, theft and embezzlement.
January 31 -
The expansion comes after a year in which net income at the Nashville-based credit union dropped by more than half amid a rise in delinquencies and charge offs.
January 31 -
CUs now hold four of the 11 spots on the Federal Reserve Bank of San Francisco's Community Depository Institutions Advisory Council.
January 30 -
Consumers are more likely to recommend companies they have a positive social media interaction with, according to a new report.
January 29 -
All three executives began as tellers and have been with the institution for a dozen years or more.
January 29 -
A small number of institutions are beginning to add financial assistance for vocational training into their scholarship offerings, but that only accounts for a fraction of the industry's total giving for secondary education.
January 29 -
Northern Chautauqua FCU, which holds less than $4 million in assets, issued the payout on the heels of a 9.7% increase in earnings.
January 28 -
Larry Fazio, longtime head of the agency’s examinations division, has been promoted to executive director. He will succeed Mark Treichel, who will retire later this year.
January 24 -
Data from the Credit Union National Association indicates the rule has decreased lending and increased costs as institutions work to stay compliant.
January 23 -
The Maine-based credit union's president has retired after 30 years at the institution.
January 22 -
The Delray Beach-based institution will change its name later this year to better reflect the communities it serves and its growth beyond serving just IBM staff.
January 22 -
For the second time in six months, Birmingham Bloomfield CU is absorbing another nearby credit union that will operate as "a part of" BBCU.
January 22 - Banking brands
Todd Hall takes the helm as president and CEO amid one of the credit union's biggest challenges in years: an ongoing lawsuit against Truist Financial.
January 21 -
Justin Olson will take the helm from CEO Jim Lumpkin, who led the $90 billion-asset USAgencies for more than two decades.
January 17 -
Fears that the New York banking giant’s consumer lending product could cut into a key credit union market appear to have been overblown.
By Kevin WackJanuary 17 -
The Colorado Banking Board may be the first regulator to ever block a credit union-bank merger.
January 16 -
Colorado's State Banking Board voted 6-1 to stop Elevations Credit Union from buying Cache Bank & Trust. This is believed to be the first time regulators have blocked such a deal.
January 16 -
In partnership with state leagues, the credit union trade group is committing to $7 million in campaign contributions for the upcoming presidential and congressional contest.
January 16 -
Dennis Hanson, the credit union’s longest-serving chief executive, has announced his plans to retire. A new leader will take the helm in April.
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