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 industry has mounted a massive get-out-the-vote effort, but institutions also want to keep politics out of the office.
By Ken McCarthyOctober 9 -
The National Credit Union Administration generally only approves a handful of charters each year, but sustained economic troubles are likely to make launching a new institution even more challenging.
By Ken McCarthySeptember 30 -
Members are completing more of their banking online than ever before, forcing many institutions to rethink their strategies for physical locations.
By Ken McCarthySeptember 11 -
A recent victory for Navy Federal opens diversity jurisdiction to federally chartered credit unions, allowing them to more easily bring matters before federal courts.
By Ken McCarthySeptember 9 -
CO-OP, a credit union payments firm, has teamed with the fintech to expand usage of digital payments offerings. But it's unclear to what extent members want those services.
By Ken McCarthySeptember 1 -
Whether the number of deals for 2020 can come close to last year's record-setting level will come down to one question: Can community banks generate strong enough profits in the second half to justify their independence?
By Ken McCarthyAugust 25 -
Whether the number of deals for 2020 can come close to last year's record-setting level will come down to one question: Can community banks generate strong enough profits in the second half to justify their independence?
By Ken McCarthyAugust 25 -
While some big banks have pledged to avoid layoffs this year, hiring freezes and delayed projects are becoming the norm during the pandemic.
By Ken McCarthyMarch 31 -
Tom Meyer, CEO of 1st Capital since 2015, decided to step down because shelter-in-place orders are keeping him from family hundreds of miles from the bank.
By Ken McCarthyMarch 26 -
The regulator's extension for first-quarter documents applies to BHCs with less than $5 billion in assets.
By Ken McCarthyMarch 26 -
The company is one of the first to share information on impacted clients, forbearance requests and emergency loan applications.
By Ken McCarthyMarch 25 -
The coronavirus outbreak has led many banks to close branches, but for those that remain open, it's a new normal.
By Ken McCarthyMarch 18 -
Coronavirus concerns, along with the Fed's emergency rate cut and an erratic stock market, have forced most bankers to take pause and reassess potential deals.
By Ken McCarthyMarch 13 -
Jonathan Dowst will become president in July and CEO a year later.
By Ken McCarthyMarch 13 -
William Isaac and Howard Milstein plan to provide advice to U.S. and foreign banks of all sizes.
By Ken McCarthyMarch 12 -
First American Bank agreed to cover costs incurred by the Iowa Division in Banking, while the regulator made it clear that the accord would not set a precedent for future credit union-bank deals.
By Ken McCarthyMarch 9 -
The company disclosed that an internal review of a now-discontinued loan program found that employees engaged in misconduct tied to income verification and requirements, among other things.
By Ken McCarthyMarch 9 -
The company will pay $25 million in cash for Carroll Bancorp in a deal between Baltimore-area banks.
By Ken McCarthyMarch 6 -
Challenging business conditions, exacerbated by coronavirus fears, have disrupted organizers' planning efforts.
By Ken McCarthyMarch 5 -
Recovery from a massive storm that touched down near Nashville is in its early stages, but bankers are looking at fee waivers and increased access to cash for those who were affected.
By Jim DobbsMarch 4
















