CHAMBERSBURG, N.Y. – Members of American Community FCU here have agreed to merge into Corning Credit Union, Corning, N.Y., effective Jan. 1.
ACFCU has been operating without a CEO for the past few months. Corning will take over ACFCU’s one branch office following the merger.
The neobank filed for an initial public offering on Tuesday shortly after announcing a new office lease in New York City.
Average Americans are souring on their own financial health, according to a New York Fed survey. That includes their ability to pay off their debts.
Serious delinquencies on student loans jumped tenfold at the start of 2025, shortly after lenient pandemic-era policies came to an end. The greater pressure on consumers' wallets is a cause for concern at banks that rely on borrowers' ability to repay their debts..
New York State Gov. Kathy Hochul has codified how buy now/pay later lending will operate in the state, taking a heavier hand as the Consumer Financial Protection Bureau loosens its grip under President Trump.
Richmond, Virginia-based Atlantic Union is still integrating its recent acquisition of Sandy Spring Bank in Maryland. But CEO John Asbury has already begun plotting a new expansion course.
Tentative appointments at the Federal Deposit Insurance Corp. and the Federal Reserve have compliance officers reading the tea leaves for future policy plays.
