Ken McCarthy is a reporter at Credit Union Journal, and a former reporter for American Banker and S&P Global Market Intelligence.
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Some U.S. credit unions are hopeful that rising employment and auto lending activity will bring consumers back, countering the effects of inflation and rate hikes that have weighed on growth.
May 23 -
Patrick Totten plans to step down from his leadership position at the Florida institution after a successor is chosen.
May 19 -
Pete Gates, president and CEO of Michigan Schools and Government Credit Union in Clinton Township, Michigan, will retire at the end of 2022. The search has begun for his successor.
May 18 -
DFCU Financial in Dearborn is acquiring the $689 million-asset First Citrus Bank, a subsidiary of First Citrus Bancorp. in Tampa.
May 12 -
The quartet have formed United Financials Capital, a credit union service organization that will allow its founders to fund larger loans than they would be able to individually.
May 11 -
Rick Schmidt, who has been the credit union's chief executive since 2010, plans to step down in January.
May 10 -
After combining with Brazosport Teachers Federal Credit Union in Clute, Texas, Space City will become a $160 million-asset institution.
May 9 -
Delana Bolen, the new chief executive of Baylor Health Care System Credit Union, was most recently vice president of sales and support for Cornerstone Resources.
May 6 -
Multiple factors have slowed residential sales, tightening the market for home loans for banks and credit unions.
May 5 -
Even "lifers" are considering new jobs as financial institutions bulk up to expand into new markets.
May 3
