Ken McCarthy

The National Credit Union Administration backed off measures that would have let credit unions sign up members in areas where they have ATMs and online services, but no branches. The move was seen as a partial victory for banks, though the matter could ultimately be decided by Congress.

Tina Dix, the chief executive of OUR Credit Union in Royal Oak, will step aside in July. The $365 million-asset credit union has retained a search firm to find her successor.

Bob Gallman has worked in the credit union industry for more than 45 years and has been at the helm of the league since 2017.

The expectation that people will want social distancing and ever-expanding digital banking options well after the pandemic passes is informing branch architecture at banks and credit unions.

Michigan State University Federal Credit Union would be one of the first credit unions to pay eligible players on the MSU team to use their name, image and likeness in exchange for endorsements.

Kevin Jones, the longtime leader of MidFlorida Credit Union — one of the largest credit unions in Florida — will retire March 1. He will be succeeded by S. Steve Moseley, who was MidFlorida’s president for the past four years.

Wellby, Powered by JSC Federal Credit Union has named Martyn Pell as its president and CEO. He most recently was chief lending officer at Coastal Federal Credit Union in North Carolina.

The $457 million-asset Heritage Credit Union in Deforest has agreed to merge with the $3.7 billion-asset Connexus Credit Union in Wausau, forming a company with more than 420,000 members.

Financial institutions say it would require them to overhaul their payments technology, deprive them of revenue and force them to pass added costs on to merchants and consumers.

The $8.7 billion-asset credit union has cut its charge for overdrafts from $25 to $5, following similar reductions by other financial institutions.