Corporate governance

Ken Lehman recently bought a block of shares in Village Bank & Trust Financial.

At the end of the second quarter, the corporate institution will waive service fees and issue bonus dividends to its member credit unions.

The Montana-based institution will open its doors as Clearwater later this year, a move leadership hopes will better connect it with consumers in other parts of the state.

Credit unions can usually limit attrition of consumer accounts after a bank acquisition, but maintaining relationships with business customers is the bigger challenge.

If signed into law, institutions that qualify for the Banking Development District program will be eligible to receive up to $10 million in subsidized public funds.

The deal with Frandsen Financial is the 12th bank M&A transaction this year involving a seller in Wisconsin.

Shore Community Bank, which has five branches in Ocean County, will sell for $53 million.

Sterling Bancorp must enhance its BSA policies and hire an outside firm to review its account activity.

Nearly 100 institutions now take part in the initiative to bring affordable financial services to Spanish-speaking and immigrant consumers.

The Michigan-based CUSO has acquired a stake in NestReady, giving it exclusive industry rights on the mortgage technology firm's products.

The Orange County-based CU had served a few cities around Los Angeles but state officials have now approved its application to serve all of Los Angeles County.

The first full day of America's Credit Union Conference in Orlando hit on a variety of topics, including narrowing the gender gap and ongoing attacks from banks.

First Internet is poised to acquire an SBA lending team to help it meet an ambitious loan target for the year — a target the CEO plans on doubling in coming years.

Millions of Americans feel let down by the government and other trusted entities, but credit unions are stepping forward to fill the void.

With millions of consumers switching their primary financial institution annually, many credit unions are faced with a quandary: come up with the money for digital offerings or risk losing a growth opportunity.

A Wisconsin credit union's agreement to acquire a small Chicago bank, the eighth credit union-bank deal this year, led bankers to once again call for policymakers to slow the trend. A credit union trade group complained that banks are trying to stifle competition.

A $19.1 billion aid package signed into law earlier this month is welcome news for credit unions in Nebraska and a host of other regions that have suffered from recent natural disasters.

The deal, among the four biggest bank acquisitions announced this year, would make Prosperity the second-largest bank based in Texas.

Conference overload and sexual harassment response strategies are top of mind as CUNA and NAFCU prepare to simultaneously host their annual summer meetings.

Many CUs feel they can't compete with banks' technology offerings, but the right strategies and investments can help institutions of all sizes stand out in a crowded marketplace.