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The Dallas bank says reserves could return to pre-pandemic levels by the end of 2021— a year earlier than analysts were predicting — if vaccines prove effective at slowing the spread of the coronavirus.

Chris Hendry has been appointed president and CEO of the Fitchburg, Mass.-based institution, having served the credit union in a volunteer capacity since 2014.

The latest round includes two new investors, Eurazeo Growth and Wellington Management, as well as one returning shareholder, Sprints Capital.

Cross-border payment provider dLocal is adding an installment payment option for global e-commerce merchants serving customers in Brazil through a partnership with the fintech Dinie, which works with small merchants in Latin America.

President-elect Joe Biden is scheduled to take the oath of office on Wednesday, but other changes that pertain to credit unions are also happening.

Year to date through Sep. 30, 2020. Dollars in thousands.

Full-time equivalent, as of Sept. 30, 2020. Dollars in thousands.

Year to date through Sep. 30, 2020. Dollars in thousands.

During the past year we’ve seen some ingenious, innovative solutions addressing financial inclusion, and that will need to continue, says GPS CFO Richard Hodgson.

Todder Moning and Valerie Lancelle, who work in the bank’s innovation group, said they were especially impressed by demos of immersive technology, 5G and ambient computing.

E-commerce merchants may need more data to ensure they are not turning down sales from first-time online shoppers.

Revenue from sales and trading rose 7% to $3.06 billion in the fourth quarter, missing analysts' $3.15 billion forecast. The division, helmed by Jim DeMare, was hurt by unexpected weakness in fixed-income trading.

Cosby Davis joins the executive team at North Carolina's third-largest credit union after nearly a decade at nearby Allegacy Federal Credit Union.

Goldman Sachs' dealmakers capped their record year with a fourth-quarter revenue jump that helped profit more than double.

The Obama-era official is expected to reverse the relaxed regulatory stances at the CFPB; the ratings firm is teaming with a French AI startup to try to detect misbehavior early.