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.
Steve Ewers, who has held several positions in information technology, will replace retiring President and CEO Tammy Heikkinen, who has led the Duluth, Minn.-based institution for 12 years.
Last year, credit unions surpassed 291 million members in 118 countries.
Second-quarter data for credit quality defied conventional wisdom, but experts said that these numbers are being artificially helped right now and the worst is yet to come.
Many sectors are concerned about making money in an economic downturn, but those fears are higher in the financial sector, according to a study from Arizent.
Barbara Mahoney, who joined the credit union in 2003 as a human resources executive, will take over after John O’Brien retires next month.
Ryan Ross will take over as CEO of the San Antonio, Texas-based institution for Bob Glenn, who is retiring.
Karl Yoneshige has been with the Honolulu-based institution since 1988, including two decades as CEO.
The Baltimore institution said it would close on Nov. 3 with the intention that employees use the paid time off to participate in the democratic process.
More than 160 institutions will use the money to help members weather the coronavirus by offering new products and providing help with loan payments.
The Liberty Lake, Wash.-based credit union has agreed to buy four branches from the Roseburg, Ore.-based bank.