Florida Rural Electric Credit Union, Tallahassee, Fla., said Paula Tuten has been tapped to serve as its new president and CEO.
Having served as the $29.6 million CUs compliance officer and vice president for the last five years, Tuten will take on her new duties July 1.
Tuten takes the reins from Kenn Rice, who is retiring after more than 18 years.
The potential for a global trade war has largely undone the optimism that the industry exhibited at the beginning of the year. Here's a look at three ways that tariffs could negatively impact banks.
The online consumer lender beat revenue expectations in the first quarter, but its net income was dragged down by larger provisions that the company attributed to tariff "uncertainty."
The card processor came up short on expected profits but hit analysts' estimates on revenue in the second quarter of its fiscal 2025. CEO Ryan McInerney said growth in payments volume, cross-border volume and processed transactions were strong even in the face of shaky economic conditions.
At a House subcommittee hearing, Republicans proposed "tailoring" regulations for community banks while Democrats railed against Trump's tariffs and cuts to the Consumer Financial Protection Bureau.
The bank's chief technology risk officer details the journey the bank has taken over the last six years, and why it set out to get rid of passwords.
Senate Banking Committee ranking member Elizabeth Warren, D-Mass., and House Financial Services Committee ranking member Maxine Waters, D-Calif., urged the National Credit Union Administration's Inspector general to look into President Trump's removal of two board members.
