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 National Credit Union Administration voted to raise the asset threshold for credit unions falling under its Office of National Examinations and Supervision to $15 billion, making sure that office remains focused on only the biggest institutions.
By Ken McCarthyJuly 25 -
The National Credit Union Administration is considering a rule that would bring its cyber incident reporting framework into alignment with those of other regulators, but would still be more permissive than the 36-hour limit imposed on banks.
By Ken McCarthyJuly 21 -
To make up for slow growth on their home turf, some credit unions are looking to other states for new members and loans — a move that rankles banks that see such expansion as overreach.
By Ken McCarthyJuly 20 -
Chris Conway will step down as president and CEO of Educational Systems Federal Credit Union early next year. He will be replaced by Chief Financial Officer Girado Smith.
By Ken McCarthyJuly 18 -
Some scrutinize quarterly reports for details that can help better compete against banks. Others are motivated by schadenfreude.
By Ken McCarthyJuly 15 -
Credit unions generally struggle to make agricultural loans because the market is saturated by more experienced lenders. But they can develop the expertise — or acquire it through M&A.
By Ken McCarthyJuly 13 -
Robert Goscicki has stepped down as president and CEO of Area Federal Credit Union in Aberdeen.
By Ken McCarthyJuly 8 -
Citadel Credit Union, armed with a team of professionals who previously worked at Santander Bank, plans to hold its own in a commercial lending market dominated by PNC Financial Services Group, Bank of America and Wells Fargo.
By Ken McCarthyJuly 7 -
The combined Mountain West Credit Union Association and the Northwest Credit Union Association are taking a new name to reflect a wider area of membership.
By Ken McCarthyJuly 6 -
The combination of the Cornerstone League and the Heartland Credit Union Association is the latest in a series of mergers changing the national makeup of the credit union industry.
By Ken McCarthyJune 29