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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Ryan McIntyre will become president and CEO of Empower Federal Credit Union in Syracuse, New York, on Jan 3. He was most recently chief strategy officer at VyStar Credit Union and worked at Regions Bank for 15 years.
By Ken McCarthyDecember 15 -
Dort Financial Credit Union in Grand Blanc, Michigan, has agreed to buy Flagler Bank in South Florida. The deal would allow Dort "to better serve our members who spend winters in Florida," its CEO says.
By Ken McCarthyDecember 14 -
Citing "unsafe and unsound practices," the National Credit Union Administration has temporarily taken charge of Richmond City Employees Federal Credit Union.
By Ken McCarthyDecember 13 -
Many U.S. companies — including JPMorgan Chase, Morgan Stanley and Apple — have drawn attention for increasing pressure on employees to show up more at the office as COVID-19 concerns ebb. Some credit unions have taken similar steps, while others still insist a hybrid schedule is better for recruitment.
By Ken McCarthyDecember 9 -
Skyla Credit Union in Charlotte, North Carolina, plans to add 9,600 members and $265 million of assets through its deal with Parsons Federal Credit Union.
By Ken McCarthyDecember 7 -
Veridian Credit Union's deal for American Investors Bank and Mortgage is the 12th this year in which a credit union would acquire a bank.
By Ken McCarthyDecember 6 -
Susan Whitehead is stepping down after nearly 10 years as the Maine credit union's chief executive. A successor has not been named.
By Ken McCarthyDecember 5 -
The National Credit Union Administration order says the small credit union must address "supervisory concerns" by conducting certain auditing and fraud reviews and taking other corrective steps.
By Ken McCarthyDecember 2 -
Small credit unions in Texas, Virginia, South Carolina and Florida have selected new leaders to succeed retiring executives or fill a vacancy.
By Ken McCarthyDecember 2 -
Peach State Federal Credit Union in Lawrenceville, Georgia, is merging with Abbeville Community Federal Credit Union in Abbeville and Pickens Federal Credit Union in Pickens.
By Ken McCarthyDecember 1