Growth strategies

The industry's dominant growth strategy of 2019 was a hot topic during a House Financial Services Committee hearing.

Apollo Bank's agreement to be sold to a credit union has bankers worried there will be larger such sales in 2020.

Craig Howie, who joined the bank after a merger, will succeed the retiring Jon Evans on Jan. 1.

Concerns over surviving another recession coupled with issues such as keeping up with technology could cause more credit unions to find partners.

The Ogden, Utah-based institution wanted a name that reflected a field of membership beyond the university it was chartered to serve.

The company will enter three counties in its home state after it buys Roselle.

The company agreed to pay $41 million for Victory Community Bank.

Concerns over surviving another recession coupled with issues such as keeping up with technology could cause more credit unions to find partners.

The New York-based institution has returned more than $8 million to members since 2003.

Given their price, higher interest rates and appeal to a specific consumer segment, recreational vehicle loans could be a significant growth segment for some credit unions.

Membership was previously only available to consumers in five counties.

Credit Union Journal's annual showcase of some of the industry's most innovative and effective growth strategies.

The $7.6 million-asset shop is the latest postal credit union to be absorbed by a larger institution.

The company also disposed of a large agricultural loan that was nonperforming.

Now known as OnPath FCU, the institution originally served employees of Avondale Shipyard, Inc., but today serves members across the southwestern portion of the state.

The move will allow MVB to devote more resources to Northern Virginia and its fintech business.

The Peach State is the latest to offer gamified savings programs as an incentive to draw in deposits and improve consumers' behavior.

The company will pay nearly $33 million for Tomah Bancshares to boost its operations in Wisconsin's Monroe County.

A new National Credit Union Administration proposal would raise the threshold for residential mortgages that require appraisals. However, the final rule is by no means a done deal.

Toronto-Dominion Bank would end up with a smaller stake in a larger brokerage if Schwab and TD Ameritrade combined. But it could parlay that stake into funds for a U.S. bank acquisition.