PITTSBURGH – OMEGA FCU has hired Troy Garvin, a former credit union executive in Michigan, as president and CEO of the $75 million institution.
Garvin formerly served as chief financial officer of Security CU in Flint, Mich., and as CEO of Lapeer County Community CU in Lapeer, Mich. He has more than 20 years experience with credit unions.
OMEGA was formerly known as Bell International FCU, originally serving Bell and AT&T employees. It now serves more than 500 select groups.
Citadel Credit Union is joining the small cadre of credit unions active in the Small Business Administration's biggest loan program as it seeks to expand in its small-business-rich footprint.
Regulators say the Mississippi-based depository satisfied the terms of the $5 million settlement it reached with Biden administration officials in 2021.
The stablecoin issuer has kicked off its initial public offering after reportedly delaying it due to macroeconomic uncertainty caused by Trump's tariff plans last month. It first filed its S-1 with the Securities and Exchange Commission in April.
Agency lawyers called the rule, which was almost a decade in the making, "unlawful" in a court filing.
The Federal Reserve and several industry groups agreed to put an indefinite stay on their legal fight over the annual examination process.
As real-time payments become more common, UBB's partnership with fintech Pidgin offers a roadmap for smaller banks to stay relevant.
