Ken McCarthy

Pomona Postal Federal Credit Union, which the National Credit Union Administration placed into conservatorship in November, has merged with the Credit Union of Southern California.

Branches across the country have closed temporarily, or switched to drive-thru service, as infections and quarantine rules have forced many bank workers to stay home.

Barry Nelson will step down as the president and CEO in April.

The credit union is looking for its next leader after longtime CEO Bill Lawton announced he will retire this summer.

The National Association of Federally-Insured Credit Unions' new campaign highlights $243 billion in fines slapped on Wall Street banks. The group says it's responding to political attacks, but the banking industry says NAFCU is trying to distract from criticism of its tax exemption.

Business and regulatory pressures were already weighing on aging executives before the onset of the pandemic led many to delay retirement plans. Now as the crisis eases, an increasing number are finally stepping down.

Charlie Watts was most recently chief financial officer for Colorado Credit Union, a role he held for the past eight years.

The commissioner of the Tennessee Department of Financial Institutions said Orion Federal Credit Union's deal for Financial Federal Bank violates the Tennessee Banking Act.

The new omicron strain is prompting more financial institutions to extend mask mandates in the workplace and remote work schedules.

As its first major gift, Truliant contributed to the Winston-Salem State University Foundation to support the Mathematics and Science Education Network program.