Joseph Brancucci, vice president of lending and chief lending officer, Boeing Employees Credit Union, Tukwila, Wash., has been named chair of the CUNA Lending Council. Also elected to the executive committee were Marcella Wevley, director of retail lending and development for USA FCU, San Diego, and Allan Stevens, VP with Franklin Mint FCU, Broomall, Penn. Other members of the committee include Chris Oldag, SVP of lending, Patelco Credit Union, San Francisco, as vice chair; Phillip Greer, SVP of loan administration for State Employees Credit Union, Raleigh, N.C., as secretary-treasurer; Herb Behrens, director of mortgage lending, Baxter CU, Vernon Hills, Ill.; Sharon Gaugler, VP-lending, Austin Area Teachers FCU, Texas, and Linda Winkfein, VP-lending services with the Texas league.
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The company is leveraging its bank charter and strong customer acquisition, with app logins up nearly 50% from borrowers.
11h ago -
The Dallas-based regional bank's return on average assets exceeded its goal of 1.1% for the first time, coming in at 1.3% for the third quarter. The bank has been in transformation mode since 2021.
October 22 -
U.S. regulators have reached a rock-bottom settlement deal with a former Wells executive accused of wrongdoing in the phony-accounts scandal. The OCC had sought to recover $10 million from Claudia Russ Anderson, a onetime risk executive at the bank.
October 22 -
Fraser will succeed John Dugan, who's been Citi's chair for six years. The megabank also granted Fraser a one-time award of $25 million in restricted stock units, and more than 1 million stock options.
October 22 -
Farmers National Banc Corp. in Ohio plans to acquire in-state rival Middlefield Banc Corp. in a deal that will deepen the buyer's footprint in Columbus.
October 22 -
An apparent increase in large-scale borrower fraud and the hot environment for bank mergers were the key themes as banks discussed their third-quarter results.
October 22