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.
The Jacksonville, Fla.-based credit union is the initial investor in PayverisCU, which will help members with financial wellness and money management.
Loan balances at the end of the second quarter were up by double digits from a year earlier for the Honolulu-based institution.
3Rivers Federal Credit Union in Indiana will pay about $38 million for West End Bank.
Credit unions have announced a number of new hires and promotions in areas such as lending and retail operations.
Those that were prohibited from working at federally insured institutions include a former credit union employee who pleaded guilty to money laundering and embezzlement.
The credit union service organization said the move was part of its focus on marketing technology products.
Lisa Perrin will take over at the Massachusetts-based institution when President and CEO Karen Duffy retires.
America's Credit Union Museum has named new board members while a number of institutions have recruited additional talent.
Accounts that offer high interest rates can bolster fee income and lower noninterest expenses, though credit unions have to carefully watch these products to ensure they actually make money.
A number of credit unions have promoted employees from within their ranks while others have announced new hires.