CLOQUET, Minn. – Members Cooperative CU yesterday said it named Tammy Heikkinen, its chief operating officer, its new president and CEO.
Heikkinen, who started at the credit union as a member service representative 25 years ago, will succeed Del Prevost, who retired as head of the $260 million credit union in October. Heikkinen has been serving as interim CEO since Prevost left on a medical leave.
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The Federal Reserve Thursday issued an enforcement action barring Renee Nicole Brown from the banking industry after she pleaded guilty to embezzling roughly $246,000 from teller cash dispensers over the course of a year.
Freddie's 30-year hit 7.03%, first above 7% since Jan. 2025, as 10-year yield tops 5.1%. ARM share jumped to 9.8%; lenders should pitch ARMs to keep payment-sensitive buyers.
Senate Democrats, led by Senate Banking Committee ranking member Elizabeth Warren, D-Mass., reintroduced a bill meant to solidify the debt liability between private equity firms and their portfolio companies, among other changes.
