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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John Lund joined the Utah-based credit union as a courier in 1975 and was named CEO in 2012. His successor has spent more than three decades there.
By Ken McCarthyJanuary 5 -
Stimulus payments and deferrals have helped borrowers stay current, but lenders must brace for a capital hit when those benefits eventually run out.
By Ken McCarthyJanuary 5 -
The Mechanicsburg, Pa.-based institution's newest chief executive most recently served as an executive at another Harrisburg-area credit union.
By Ken McCarthyJanuary 4 -
The National Credit Union Administration may get a new leader, several institutions could seek to expand their fields of membership, and a pot banking fight may reemerge.
By Ken McCarthyJanuary 4 -
In December, the National Credit Union Administration barred the individuals from working in the financial services sector for taking money from their institutions for personal use.
By Ken McCarthyDecember 31 -
Last year, the Pennsylvania Credit Union Association and the New Jersey Credit Union League merged to form the CrossState Credit Union Association, and now the foundations of the two groups are combining.
By Ken McCarthyDecember 29 -
Jay Neathery has taken over for Chris McCreary, who stepped down as president of the institution but is staying on as executive vice president.
By Ken McCarthyDecember 29 -
Provisions implemented under the CARES Act that made it easier for institutions to utilize NCUA's Central Liquidity Facility have been extended for a year with the signing of Consolidated Appropriations Act.
By Ken McCarthyDecember 28 -
Neil Gordon, a former executive at nearby Millbury Federal Credit Union, will take the helm next month.
By Ken McCarthyDecember 23 -
In 25 years at the helm, Brian Hall helped the Southern California credit union grow from $48 million of assets to nearly $600 million.
By Ken McCarthyDecember 22