Frank Gargano

Some credit unions are leaning heavily on tech partners to speed payments and loan decisions, offer online financial planning sessions and deploy virtual assistant technology developed at MIT.

It would be the second bank acquisition for Fairwinds, which bought Friends Bank in Florida in 2019.

The choice of Greg Young as the next president and chief executive comes nearly a year after Karl Yoneshige announced his plans to retire from the role.

Many credit unions with less than $100 million of assets struggle with marketing and technology. Larger ones are willing to lend support, and the Credit Union National Association is working to dispel fears that prospective mentors are simply looking for takeover targets.

The Credit Union National Association initiative helps promote eligibility requirements to potential members. It has added six new participants in Georgia.

The credit union tapped Kenneth Orgeron, its chief operating officer, to serve as acting CEO.

The combination of Orion Federal Credit Union and Financial Federal Bank is the seventh credit union-bank merger announced this year.

Local financial institutions have fewer branches than big banks, and closing even one location makes it harder for them to serve their communities.

Chabot Federal Credit Union is combining with University Credit Union, which was founded on the UCLA campus.

The credit union is using Ameriprise Financial Institutions Group's system to add to the suite of investment services that it offers to members.