Corporate governance

Ardent Credit Union plans to market its adaptable “Cube” design to other financial institutions.

The Alexandria, Va.-based credit union's growth was partly driven by strong earnings through the first three quarters of 2019.

All but a handful of states now allow a gamified way for consumers o save money, and some credit unions have adopted these programs to help boost deposits.

After struggling with profitability, Horizons FCU has been approved to join Premier Members Credit Union later this year.

Goldman Sachs plans to offer details into its workings to boost its stock value; while challenger banks are prospering, traditional banks still rule the roost.

Southern Security FCU is part of an inmate reentry program that could be a model for institutions looking for innovative ways to add members and live up to the industry's "people helping people" ethos.

Here's one way community banks are trying to win over commercial clients and wealthy households: by sharing internal research with them and positioning themselves as experts on everything from business sentiment to demographics.

The Mass.-based institution, which recently saw a slight dip in noninterest income, will provide a variety of P&C products for members and nonmembers.

Premier Federal and Educators Credit Union together returned more than $3.7 million to members on the strength of their 2019 performance.

Both institutions will see an expanded field of membership as a result of the charter change.

The company will pay $29 million for a bank located northwest of Grand Rapids.

Dort Financial is the latest to switch from a federal charter to a state charter, a move that also widens its field of membership.

The SAFE Banking Act is on hold after Sen. Mike Crapo announced his opposition to it. One observer suggested that could have a "chilling effect" on CUs looking to enter the pot banking space.

Whitefish FCU in Montana and Hanscom FCU in Massachusetts have both returned money to members on the strength of those institutions' 2019 performance.

Steuben Trust received two bites from potential MOE partners, but the New York bank’s lightly traded stock and many other challenges forced a sale to a much larger rival instead.

Franklin Financial CEO J. Myers Jones is trying to reduce his company's exposure to shared national credits and health care loans, which have enjoyed solid yields but come with a downside.

The Maine-based credit union saw several successes this year despite a slip in net income.

The Wisconsin-based institution's $4 million return is double what it paid out just five years ago.

Credit unions bought banks at a record pace in 2019, but just a decade ago it had never been done before. Gary Easterling helped change that.

Intense scrutiny from poker-faced CEO Charlie Scharf is prompting executives at the bank to ponder their units’ strategies — as well as what’s in store for their own careers.