Ken McCarthy

Rivertown Community Federal Credit Union and Allegan Credit Union in Michigan will join forces in January under their shared boss, Kris Lewis.

Alabama One said the deal for First Bank of Wadley, a subsidiary of Peoples Independent Bancshares in Boaz, Alabama, would expand its footprint in the eastern part of the state.

Dan Clarke succeeds Rachel Caron, who was CEO of the $256.4 million-asset organization for 12 years before retiring in June.

In the third CU-bank deal announced in the past 10 days, LGE Community Credit Union in Atlanta would acquire Greater Community Bank in Rome, Georgia.

The National Credit Union Administration board voted Thursday to advance a proposed rule that would loosen existing regulations and allow credit unions to purchase member loans from fintechs.

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.

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.

Citing "unsafe and unsound practices," the National Credit Union Administration has temporarily taken charge of Richmond City Employees Federal Credit Union.

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.

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.

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.

Susan Whitehead is stepping down after nearly 10 years as the Maine credit union's chief executive. A successor has not been named.

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.

Small credit unions in Texas, Virginia, South Carolina and Florida have selected new leaders to succeed retiring executives or fill a vacancy.

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.

Carol Hauck will leave the role in the first quarter of 2023. The Sacramento, California-based company said it hired D. Hilton Associates to conduct a nationwide search for its next leader.

The $1.1 billion-asset Sikorsky Financial would combine with Bridgeport City Employees Federal Credit Union, which has $32 million of assets.

Pembroke, who had led the association since 2015, died Monday at age 55. Jerry Saalsaa, the organization's senior vice president and chief administrative officer, has been interim CEO since July and will continue in that role.

Despite stiff competition, compounded with confusion surrounding President Biden's loan forgiveness program, credit unions managed to bring their student-loan portfolios back from pandemic lows.

The $683 million-asset credit union opened a loan production office in Enfield dedicated exclusively to mortgage and business lending.