Frank Gargano

Jennifer Ventimiglia, who joined Fortera in 2015, will also become chief executive after Tom Kane retires from this role.

The combination of Community 1st Credit Union in Ottumwa and HomeTown Credit Union in Shenandoah will bring together more than 68,000 members and 21 branches. The merged entity will have over $980 million of assets.

Portsmouth Schools Federal Credit Union hadn't reported a profit in years and its losses through the first three quarters of 2021 exceeded $200,000.

The addition of one new prohibition order from the National Credit Union Administration brings the year's total to 25.

The National Credit Union Administration has given its first guidance on handling Bitcoin and other digital assets in an effort to encourage credit unions to work with fintechs to offer new services.

The combined entity would operate under the Genisys name and hold roughly $4 billion of assets.

The $50 million subordinated debt issuance is large for a credit union and likely the first of its kind to receive an investment-grade rating. It comes days before a National Credit Union Administration rule will take effect to enable a wider range of credit unions to raise capital through debt offerings.

The new state law, signed by the governor Wednesday and backed by the financial services industry, is intended to make notary services more accessible for older people, those with disabilities and residents of rural areas.

Before joining TAPCO, Justin Martin was executive vice president and chief operating officer at Verity Credit Union.

The trade group chose Brian Knight to succeed longtime leader Lucy Ito, who announced her retirement earlier this year.

These executives are adapting to changing customer demands amid rebounding M&A and coronavirus-related challenges.

Unity of Eatonville Federal Credit Union will spend its first year focusing on auto lending and deposit services.

Kit Snyder, who has led Consumers since 1983, will be succeeded by Scott Sylvester, the credit union's chief operations officer.

The acquisition would give Avadian, which is based in Birmingham, two more locations in its home state and increase its assets to approximately $1.2 billion.

The combination of First Service Credit Union and People’s Trust Credit Union would create an institution with over $1.3 billion of assets and more than 98,000 members.

David S. Sprague, who has led Hanscom FCU since 1996, will become a member of the credit union’s board of directors after stepping down as chief executive.

Tonia Niedzialkowski will succeed longtime CEO Bernie McLaughlin, who is set to retire in late January.

The National Credit Union Administration set a lower target for business trips and additional staffing amid concerns stemming from the ongoing impact of the pandemic.

FNB Bank in the hard-hit community of Mayfield lost its headquarters during the catastrophic storms. It and other financial institutions are aiding local residents who are now taking stock of the damage.

Dane County Credit Union and Heartland Credit Union, both in Madison, have long collaborated on local initiatives.