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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The combination of Valley Strong Credit Union in Bakersfield and Financial Center Credit Union in Stockton would have 27 branches and nearly 200,000 members throughout the San Joaquin Valley.
By Ken McCarthyMay 28 -
Honor Credit Union, one of Michigan’s largest credit unions, announced it's combining with ATL Federal Credit Union, which has just $15 million of assets.
By Ken McCarthyMay 27 -
Josh Haney, who has worked at the Indiana credit union in various roles since 2005, is now its chief executive.
By Ken McCarthyMay 27 -
After the retirement of its long-time leader, Foothill Federal Credit Union named Michael Terzian, who had been interim co-CEO of Partners FCU, as its new president and CEO.
By Ken McCarthyMay 27 -
The Indiana credit union's chief financial officer had been interim chief executive since September 2019.
By Ken McCarthyMay 27 -
GreenState Credit Union's agreements to buy community banks in Illinois and Nebraska renewed the debate over whether federal tax exemption gives credit unions an unfair competitive advantage.
By Ken McCarthyMay 25 -
The National Credit Union Administration placed the New Jersey credit union into conservatorship Monday, citing its "unsafe and unsound practices."
By Ken McCarthyMay 24 -
Sherry Cornell, who has led the Ashtabula, Ohio, credit union since 2002, is stepping down next month.
By Ken McCarthyMay 24 -
Carrie Hunt, the vice president of government affairs and general counsel of the National Association of Federally-Insured Credit Unions, will become the league's president next month.
By Ken McCarthyMay 21 -
The National Credit Union Administration changed course late last year and proposed changes that would in effect give members more time to resolve overdrafts. However, consumer activists and even some credit unions say the proposal falls short.
By Ken McCarthyMay 20