HARAHAN, La. – Audrey Cerise, the well-known leader in the community development credit union movement, retired this week as president and CEO of ASI FCU. Cerise, who helped build the CDCU to over $300 million in assets, ran the credit union for 27 years, during which time she helped develop innovative programs for payday lending, check cashing and individual retirement accounts. Cerise will serve as adviser to the credit union’s new CEO, Mignhon Tourne, president of the credit union’s board the past 17 years, who was working for Louisiana Medical Mutual Insurance Co.
-
The Cleveland-based bank is projecting steady growth in net interest income even as credit losses remain manageable. But Chairman and CEO Chris Gorman also said that he thinks a recession is likely.
April 18 -
The first-quarter increase involved commercial real estate loans, including some problematic multifamily loans and an office credit, but none of the criticized loans were to consumers, officials at the Dallas company say. Further CRE deterioration is anticipated.
April 18 -
The Detroit-based company is exploring ways to make more consumer auto loans without running afoul of stricter capital standards that are expected from the Federal Reserve. Possible approaches include more securitizations and the use of credit risk transfers.
April 18 -
The House Financial Services Committee also sent to the full House two bipartisan bills, including one that would prevent large banks from opting out of having to recognize Accumulated Other Comprehensive Income in regulatory capital.
April 18 -
Charge-offs and nonperforming loans rose at the Georgia bank in the first quarter. But it blamed the problem on one large client and said the matter has been resolved.
April 18 -
Amid healthy first-quarter loan growth and improving credit quality, Discover Financial Services slashed its profits by $800 million to offset remediation costs from a 16-year period when it overcharged certain merchants.
April 18