Growth strategies

The $1.2 billion-asset institution has issued rewards payouts for nearly 40 years, but returns have gone down in each of the last few years.

The latest Credit Union Trends Report from CUNA Mutual shows CUs serving more consumers even as the industry continues to contract.

Christopher Becker will succeed Michael Vittorio in January.

More than 20 banks have been sold to credit unions. A prominent banking lawyer made the case at this year's ICBA convention that banks can become more aggressive acquirers.

The former Washington Gas Light FCU in Virginia has unveiled its new name.

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.

It took less than six months to hammer out the biggest bank merger in more than a decade, and the price was one of the last things discussed, according to a new federal filing.

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

John Quill, a former deputy comptroller, had a key role deciding which banks could participate in the Troubled Asset Relief Program.

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

Vince Liuzzi previously served as chief banking officer at DNB First in Pennsylvania.

Jared Wolff, a former PacWest executive, had been the general counsel at City National Bank.

The company will open its first office in Iowa after buying the business from Bankers Trust.

The Illinois-based credit union has broadened its field of membership to include two Missouri counties and issued another dividend.

The payout included bonus dividends and a 7 percent refund of loan interest paid by members.

Two Iowa CUs had to come up with new names after a 2018 law prohibited them from using state universities as part of their brand identity.

A number of credit unions made donations to help charitable causes, including one institution where employees wore jeans to help a dozen nonprofits.

FNB Bancorp in Utah, which is being sold to Glacier Bancorp, decided that the Montana bank's decentralized model would save jobs and give its management team more autonomy.

Steans, a former LaSalle Bank chairman who also led the financial crisis recapitalization that saved Taylor Capital, died on Tuesday. He was 83.

United Community, Synovus, Cadence and others stand to gain lenders and customers even if BB&T flawlessly integrates the $28 billion acquisition.