Frank Gargano

In the face of widespread power outages and supply shortages, credit unions are doing everything from offering low-interest emergency loans to providing bottled water and hot meals.

The credit union service organization, which changed its name from CU Realty Services in June, has expanded its service area to cater to more homebuyers and help credit unions secure their mortgage pipeline.

John Faust plans to step down next year, concluding a nearly 30-year tenure as president and CEO of Diamond Credit Union.

Jim Harris, who has been president and CEO of University & State Employees Credit Union since 2006, is stepping down from those roles but will remain with the credit union to facilitate succession planning.

The National Credit Union Administration issued four prohibition orders and two notices of prohibition against individuals accused of theft, misappropriation of member funds and making fraudulent loans, among other allegations.

LOC Federal Credit Union and MemberFocus Community Credit Union aim to utilize the flexibility of the latter’s state charter to enlarge membership.

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.

Gulf Coast Federal Credit Union has converted to a multiple common bond charter, which has no geographic limits, and is eyeing several potential new markets.

The regulatory agency issued two new prohibition orders, bringing the yearly total to 10.

Many workers get extra days off to celebrate all kinds of things, from their birthdays to a good regulatory exam score, or as a reward for charitable giving and other community involvement.

Last summer, the Wausau, Wis., bank combined two employee groups to form the ICEBreakers. Its mission is to support outstanding customer service and foster a positive workplace culture.