Corporate governance

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.

Carson Lappetito has a long history of working with firms tied to Eric Hovde, chairman and CEO of Sunwest's holding company.

Marking milestones, making a difference for kids and veterans, and other ways credit unions are giving back.

Angel Castro will receive one of the 2018 Herb Wegner Memorial Awards for his efforts to expand credit union access around the globe, with a focus on Latin America.

The Boston mutual, which lost its innovation team when it spun off Numerated last year, has hired a State Street executive to oversee a plan to encourage all employees to be more creative.

The two reports will examine credit union recruiting practices and how CUs can identify leadership qualities in potential board members.

Credit union consultant Susan Mitchell is one of this year's Wegner award winners, being recognized for a career that has focused on the movement's social mission and finding ways to increase opportunities for women.

A mix of tax sweeteners and a lower cost of living has prompted banks such as MUFG Americas, Northern Trust and Bank of the West to locate corporate-level jobs in Phoenix and surrounding areas.

Along with the $600,000 payout, the credit union is also planning to donate money to a variety of local charities in celebration of its 2017 successes and its 60th anniversary.