Corporate governance

The New Jersey bank did not say exactly what the problem was, but it is beefing up how allegations of financial-reporting violations are reported to upper management.

SDCCU’s member base increased by 35,000 during 2017, with total assets up to $8.3 billion.

Great Western is looking to hire a president to give CEO Ken Karels more time to focus on leadership and growth initiatives.

California State Treasurer John Chiang, who’s on the boards of the state’s biggest pension funds, was among those who said the changes weren't enough. Chiang also called for CEO Tim Sloan to step down.

Parkway Acquisition in Virginia has agreed to buy Great State Bank for nearly $15 million.

The nonprofit is turning to banks and social impact investors to help significantly increase the size of its loan portfolio over five years.

Louise Mills Federal Credit Union will now operate its lone branch as "Louise Mills, a division of Webster First FCU."

The credit union expanded its reach from serving three counties to 20 counties in western and central Montana.

A debate is brewing about whether rising rates mean banks must pay more to hold onto deposits from city and county governments — and whether they are worth it. Some would say no question on both counts, while others say it all depends on the financial strategy of the client and how badly the bank needs that client.

Members at the Indiana-based credit union have won nearly $18,000 by participating in Save to Win, which rewards members who save money with the credit union.

Kathleen Henry and Steven Antonakes have been named to the bank's management committee.

The bank will spend an additional $1.4 billion on technology in 2018 to gain share and boost efficiency, executives said Tuesday. But they were peppered with questions about whether the big investment will yield a big financial return down the road.

The African-American Credit Union Coalition is entering a new phase of its existence, adding in a focus on mentorship and professional development. As the group continues its march forward, here's a look back at its early days.

At the Credit Union National Association's Governmental Affairs Conference, CUNA unveiled its newest initiative to drive membership.

The Eureka, Calif.-based credit union saw assets rise by 8 percent last year, while lending was up more than 10 percent.

The company will also surpass $10 billion in assets when it buys Community Bank.

An investor had accused John Peck of using a HopFed lawyer to handle his purchase of real estate from an influential member of the company's board.

Blue Lion Capital, which is upset with the Seattle company's growth strategy, also wants to replace two of the company's directors.

Judges recently ordered two banks to pay the legal fees for activist investors after certain roadblocks backfired. Their missteps can serve as a lesson for other skittish institutions.

The two biggest reasons people don't join credit unions are also the two biggest reasons for CUs to work together to raise consumer awareness about the industry.