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 state of Colorado has reached a $4 million settlement with Canvas Credit Union and Bellco Credit Union after the companies were accused of failing to pay refunds of guaranteed automobile protection fees due to borrowers.
January 18 -
Rising deposit costs and the likelihood of a slowdown in loan growth could stifle earnings, credit union executives say.
January 17 -
The San Antonio-based organization said Don Ford is now president and will become after Lynn Kincaid retires in May.
January 12 -
Frank Zampella, the chairman of the $526 million-asset credit union, will serve as interim CEO now that Tom Graves has retired.
January 11 -
4Front Credit Union in Traverse City has agreed to buy Old Mission Bank in Sault Sainte Marie. There were 16 such acquisitions announced in 2022.
January 10 -
The credit union has named Michael Sferro as its new president and chief executive. Sferro succeeds Rose Bartolomucci, who retired at the end 2022.
January 10 -
The Texas credit union promoted Luke Billeri, its executive vice president, to chief executive Jan. 1. He succeeds Randy Theilig, who retired.
January 10 -
Smaller credit unions' focus on interest rates and service may not be enough to overcome a lack of tech resources. All categories below $1 billion of assets lost members in the third quarter compared to a year earlier, despite a 4.4% rise in membership industrywide.
January 9 -
Mid Minnesota Federal Credit Union named Bob Gerads, formerly of Falcon National Bank in Minnesota, to succeed Chuck Albrecht as president and chief executive.
January 5 -
John Deese stepped down as president and CEO of the West Palm Beach credit union, effective Dec. 31.
January 5
