Jackie Stewart is the executive editor of American Banker Magazine. Previously, she covered breaking news, community banks and mergers and acquisitions for American Banker before being named as the managing editor of the Credit Union Journal. After graduating from Northwestern University in 2006, Jackie taught for two years in the Bronx, N.Y., through Teach for America.
Patricia Sarne was named CEO of San Antonio Citizens Federal Credit Union after former chief executive Tim Baldwin retired.
A trio of former credit union employees received lifetime bans from the financial services industry, including one who was accused of stealing almost $15,000.
The regulator has conducted remote exam work at more than 100 institutions since March and does not plan to return to its normal examination process "until further notice."
The latest Credit Union Trends Report from CUNA Mutual Group predicts interest rates will be at record lows for at least two years and earnings are also likely to take a hit from record-high unemployment.
Funds originally slated to assist credit union employees with attending conferences will now be used to help the state league put on virtual events.
Credit card and debit card spending have improved for several weeks in a row, according to a report from PSCU.
The industry is well positioned to gain market share, but institutions may not see the same levels of growth as after the last recession.
The drop is likely from both a decline in consumer demand and lenders becoming more cautious, according to CompareCards.
The Miramar, Fla.-based institution is spending $85,000 to help businesses as the economy begins reopening.
Recent tweaks to Reg D have blurred the line between checking and savings accounts, opening up the possibility for new innovation in those products.