Growth strategies

The Colorado Bankers Association says Elevations Credit Union's purchase of Cache Bank & Trust doesn't comply with state statutes.

Want to level the playing field with big banks and fintechs in the year ahead? Here's where to start.

The latest dividend brings the credit union's member returns to more than $32 million in 23 years.

A MagnifyMoney report shows an overwhelming majority of consumers regret not investing sooner, a sign that credit unions could deepen relationships by upping their wealth management options for members.

The bank will top $500 million in assets after it acquires F&M Bancshares.

The institution formerly known as School Employees Loraine County Credit Union launched its new name on Jan. 2.

The Tulsa-based credit union reached $2 billion in assets at the close of 2019. It hit the $1 billion mark in 2011.

Horizon Credit Union will absorb Icon CU in a deal intended to bolster competition in the Spokane market and increase Horizon's reach into Idaho.

The deal will bring a wider array of products and services to members of the $4.4 million-asset Yellowstone FCU, including online bill pay and a shared ATM network.

Alaska USA Federal Credit Union will nearly double its operations in Phoenix after it buys the locations.

The Anchorage-based credit union has agreed to purchase seven Phoenix-area branches from TCF, nearly doubling its presence in that market.

Patrick O'Brien had been CB Financial's president and CEO for about two years.

The Pennsylvania company will pay $80 million for the parent of USNY Bank.

In the newly created role, Daniel Budington will be responsible for developing strategic partnerships and identifying growth opportunities.

Ardent Credit Union plans to market its adaptable “Cube” design to other financial institutions.

The Alexandria, Va.-based credit union's growth was partly driven by strong earnings through the first three quarters of 2019.

All but a handful of states now allow a gamified way for consumers o save money, and some credit unions have adopted these programs to help boost deposits.

After struggling with profitability, Horizons FCU has been approved to join Premier Members Credit Union later this year.

Goldman Sachs plans to offer details into its workings to boost its stock value; while challenger banks are prospering, traditional banks still rule the roost.

Southern Security FCU is part of an inmate reentry program that could be a model for institutions looking for innovative ways to add members and live up to the industry's "people helping people" ethos.