Ken McCarthy

Credit unions like to boast that they offer lower rates than banks, but many are bucking that trend to boost liquidity and offset other costs.

Aaron Beldner replaces Dennis Halpin, who retired last month.

The 10th largest credit union in the U.S. is expanding its Florida footprint to Orlando.

After 20 years at the helm, Jan Roche will step down from the company's top job this summer.

The Raleigh, North Carolina-based Coastal hired Tyler Grodi to be its new chief executive effective April 1.

This year likely won't match 2022's heights, but executives expect loan growth to remain solid.

Greenville, in particular, is attracting financial institutions enticed by its growing population and healthy business climate.

The Austin-based credit union chose its chief strategy officer, Michael Ver Schuur, to be its next president and CEO.

Yolo Federal Credit Union has served only Yolo County, which has 221,000 residents, since 1954. It's now able to reach Sacramento County, which has 1.6 million people.

The Virginia Beach-based credit union recently launched Chartway Ventures to invest in fintechs and other organizations.

State-chartered credit unions say their fields of membership are too narrowly defined. Rather than convert to federal charters, they are backing a bill that would provide greater reach.

The $1.4 billion-asset credit union said John Roemer officially became its new leader Jan. 23.

In a state where two-thirds of residents use a credit union, a growing populace translates to even more membership, employment and loan growth with those institutions, according to data from the National Credit Union Administration.

Alaska USA Federal Credit Union, the 18th-largest credit union in the country by assets, said the new name better reflects its worldwide member base.

The $104 million-asset Finex Credit Union in East Hartford plans to partner with the $52 million-asset First Connecticut Credit Union in Wallingford.

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.

Rising deposit costs and the likelihood of a slowdown in loan growth could stifle earnings, credit union executives say.

The San Antonio-based organization said Don Ford is now president and will become after Lynn Kincaid retires in May.

Frank Zampella, the chairman of the $526 million-asset credit union, will serve as interim CEO now that Tom Graves has retired.

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.