Two more credit unions are involved in name changes and mergers. Eagle One FCU is the new name for the former Philadelphia District Railway Postal Clerks FCU here. In Merriville, Ind., Post Tribune EFCU has merged into MemberSource FCU (itself the former NIPSCO Industries FCU). The merger creates a $45-million CU.
Harit Talwar, who is moving from CEO of the digital banking unit to chairman of consumer banking, says Marcus wants to add checking and investment products, embed its offerings in additional high-profile platforms, and grow far beyond its current 5 million customers.
A survey conducted by the Conference of State Bank Supervisors found that concerns about operating conditions have led a large percentage of small banks to steer clear of acquisitions and new tech investments.