Mark Chatfield, SVP and chief marketing officer of the Texas Credit Union League, has been elected to a newly created ex-officio position representing the league service corporation executives on the CUNA Strategic Services Inc. (CSSI) board. The appointment is for a one-year term. At its organizational meeting, the CSSI board elected four officers positions, each for a one-year term: Richard Ghysels, CEO of First Financial Credit Union in West Covina, Calif., chair; Roshara Holub, president and CEO of Missouri Credit Union Association, vice chair; Tom Dorety, president and CEO of Suncoast Schools FCU, Tampa, Fla., secretary, and William Mellin, president and CEO of New York State league, treasurer.
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Oklahoma's Bank7 may acquire New Mexico's Century Bank by the end of the year. The reason: A wealthy Century shareholder is being forced to sell his shares to satisfy a $40 million debt.
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Organizers of Bank of St. George were close to the finish line in 2020 when the COVID-19 pandemic arrived. Now CEO Bruce Jensen says the planned bank should open its doors by the end of the year.
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Two executive orders pulled federal deadlines for quantum-proof encryption forward to 2030, after 2026 research cut the cost of breaking today's codes.
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The need to scale quickly is adding new challenges to the build vs. buy debate
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The private student loan market figures to benefit from Republican-led changes to the much larger federal program. But other consumer lenders could face a fallout as more Americans are forced to reconsider which debt payments to prioritize.
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Even though RIAs reached a record size in four important metrics, experts say equity values are masking weaknesses in their organic growth.
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