Finance

East Windsor, N.J.-based McGraw Hill Federal Credit Union will merge into PenFed, the latest in a series of growth moves from the nation's third-largest credit union.

Big bank mergers have historically been a catalyst for startups. Experts say it could happen again.

Loyal Trust Bank will have a large number of Asian-American investors and board members.

A good way to gauge the future is to watch where technology money goes, and that makes Janet Bannister one of fintech’s best barometers.

Understanding how the payments ecosystem works is a basic tenet for anyone aspiring to work in the industry. Visa's Taira Hall has that understanding, plus she is ingrained with a trait many others may not have — she has experienced what happens when there is no accessible payments system in place.

Barclays is partnering with digital rewards companies as part of its focus on investing in fintech and developing new business models. Its recent investment in Bink, a U.K.-based loyalty platform provider, marks the fourth company in this field that Barclays has partnered with.

Wegner Award winner Diana Dykstra was instrumental in the creation of the Global Women's Leadership Network and CU Direct in her more than 30-year career.

The San Diego-based credit union’s membership grew at double the national average.

Mark Calabria, who could be confirmed as early as this month, is expected to focus on changes to Fannie Mae and Freddie Mac’s conservatorships to let the mortgage giants keep more of their profits.

In the startup sector, female founders consistently receive far less venture capital than male founders, but a program by Quesnay is looking to change that.

BrightWise is a joint venture among the Iowa CU League, its holding company and LMG Security. The initiative aims to teach credit union professionals how to better protect their institutions.

The California company could charge off $15 million because of allegedly fraudulent acts by an employee at one of its correspondent customers.

Its move into new states will allow the nation’s largest bank to pursue the loan and deposit business of more state and local governments.

The league will work with Quatrro Processing Service to provide member credit unions with access to emerging technologies to combat fraud.

SalesPhysics was created by industry veterans who once worked at Bank of America.

After converting to a mutual savings bank in 2013, the former CU is set to become a fully stock-owned company.

The Mississippi company will pay more than $200 million for the parent companies of Texas Star Bank and Summit Bank.

Several megabanks have sued the National Credit Union Administration claiming breach of settlement in a previous case related to mortgage-backed securities, but trends may favor the agency.

The former credit union will shed its mutual status when it becomes a fully stock-owned company.

The Kansas-based institution saw growth in a number of areas last year, though increased staffing costs.