Ken McCarthy

Nusenda's agreement to buy Western Heritage Bank would be its first bank acquisition and the first such combination in the state.

Mike Wilson will soon replace George Nahodil as president and CEO of Members 1st, which is the third-largest credit union in Pennsylvania.

All In Credit Union's acquisition of $115 million-asset SunSouth Bank will push the credit union above the $3 billion asset mark.

U.S. banks lost 2.5% of their deposits during the first quarter while credit unions saw a 2.1% quarterly increase, according to an S&P Global Market Intelligence analysis. Aggressive marketing — and credit unions' relatively untarnished reputations — helped motivate the shift.

Two years after Illinois became one of several states to pass their own version of the federal Community Reinvestment Act, credit unions and banks continue to fight over whether the law is necessary and how strict the corresponding regulations should be.

Chicago has one of the largest unbanked populations in the country, so United Credit Union rolled out a loan program aimed at those people who would typically use a payday lender.

F.N.B. Corp, the holding company for First National Bank, is making its second investment in the $13 million-asset Hill District Federal Credit Union.

Generations United Federal Credit Union's first president and CEO, John Linzey, expects to attract the very customers that banks might turn away if the economy sours.

Jay Champion had been chief executive of the $2.2 billion-asset company since late 2018.

State legislators plan to allow credit unions to serve more people below the poverty line, including those living in banking deserts, but the state's banks say the credit unions could use the legislation to dodge field-of-membership limits.

Angelino "Gino" Cayanan, who was most recently CFO for Los Angeles Police Federal Credit Union, will lead the $1.2 billion-asset Noble.

Jeff March, president and CEO of Citadel Credit Union, will retire after nearly 23 years at the helm.

Land of Lincoln Credit Union in Decatur, Illinois, has agreed to acquire Nokomis Savings Bank. In December, the credit union announced a deal to buy Colchester State Bank.

The regulator awarded a federal charter to Generations United Federal Credit Union, which will serve employees and members of the United Church of Christ.

Courtney Fifield replaces Bruce Leighton, who retired from the $252 million-asset institution last year.

The combination of VyStar and 121 Financial Credit Union — both based in Jacksonville, Florida — would have more than $14 billion of assets.

The volume of bank acquisitions — either by credit unions or community banks — has dropped considerably so far in 2023. Experts, including prospective buyers, cite a combination of ongoing regulatory and economic pressures.

The Gardner-based institution hired Mark Hettinger, who worked the past 19 years at First Alliance Credit Union, as its new chief executive.

As more potential buyers began inquiring about the availability of QCash, WSECU decided the time was right to offload the credit union service organization it launched in 2015.

Nathan Cox, who was most recently chief lending officer at Travis Credit Union, will replace Brooke Van Vleet-Pearson as the credit union's chief executive.