Growth strategies

Southwest HealthCare Credit Union agreed to merge into Canyon State because of increased competition and regulatory demands.

Citizens, Regions and others say business investments initiated before the COVID-19 pandemic, including technology improvements and new consumer offerings, are on track.

The $1.8 billion-asset institution will likely absorb Spartanburg City Employees FCU later this year, following a vote of that CU's members next month.

The industry was already on a path toward increased digital services, but the global pandemic is showing why CUs need to speed up that process.

Banks, which previously shunned unsecured small-dollar lending, are now embracing the product because of the outbreak. It's just a matter of whether the shift is permanent.

Many states are offering additional flexibility as more consumers dip into their savings as a result of the pandemic’s economic fallout.

At just $3.7 million in assets, tiny Financial 1st Federal Credit Union has voted to merge into Horizon FCU.

Credit unions that take advantage of hedging could see better execution and increased profitability in their mortgage operations.

Credit unions in the Great Lakes State saw widespread membership growth in 2019 but it was the third consecutive year in which the pace of growth slowed.

Limiting access to branches because of the pandemic has forced executives to re-examine whether they offer enough mobile and online services.

South Jersey Gas Employees Federal Credit Union will merge into Jersey Shore Federal Credit Union on June 1.

The number of deals per year was declining even before the pandemic, and it's unclear when things might pick up again.

Alabama Rural Electric Credit Union will merge into Alabama One later this year, creating a combined institution with a reach across 57 counties.

With branches closed and fewer opportunities for credit unions to have in-person interactions with members, the pandemic has reiterated the need for digital transformation in the industry.

The regulator formally announced the 60-day delay on Monday after tweeting about it over the weekend.

Fluke Employees Federal Credit Union has agreed to become part of Sound Credit Union and the transaction should close later this year.

The surge in online and mobile use is a high-profile test for the industry — and could foreshadow a permanent consumer shift.

Lenders are concerned that the coronavirus outbreak will increase vacancies and add to credit risk.

Nebraska bankers sued after MembersOwn Credit Union successfully added eight counties to its field of membership last year.

The transaction, which involves the sale of three branches, is expected to close in June and is pending regulatory.