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.
A unit of the Huntsville, Ala.-based institution has acquired Ben Porter Realty and rebranded the company as Redstone Family Realty.
In one of Tuesday's more high-profile primaries, Rep. Kweisi Mfume won the Democratic primary to fill the seat once held by the late Elijah Cummings.
The Warner Robins, Ga.-based institution, which switched to a state charter in 2016, has passed $3 billion in assets.
Rodney Hood, the first African American to lead a banking agency, said in a deeply personal statement that he was "familiar with the anger and frustration that comes with the everyday challenges and realities surrounding race."
Tom Shoemaker initially took the helm in 2017 on an interim basis after the Albuquerque, N.M.-based credit union called off a merger.
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.
Despite some improvements, almost one-quarter of respondents to a LendEDU survey were still waiting on their relief checks and those consumers are more likely to take on additional credit card debt.
The Summerville, S.C.-based institution will also close two branches as part of a broader strategic effort to better service members.
Ronald Belle will lead the Rome, N.Y.-based institution after Mark Pfisterer retires.
The Independent Community Bankers of America accused the National Credit Union Administration of using the coronavirus outbreak to usher in additional changes without the normal amount of scrutiny.
The Independent Community Bankers of America accused the National Credit Union Administration of using the coronavirus to usher in additional changes without the normal amount of scrutiny.