Location Root Tag

Credit union executives converged on Las Vegas for NAFCU's convention last week where the trade group officially honored its Annual Award winners.

When it comes to improving credit union board diversity, performing a self-assessment is one of the best practices to consider, according to Jim This, president and co-founder of the Paragon Group, an Olympia, Wash.-based CUSO owned by $894 million TwinStar Credit Union that offers board effectiveness evaluations.

BROOKLYN, N.Y. — If community development or low-income-designated credit unions are forced to hold board seats for people of certain income classes, it would be counterproductive.

LAKE BLUFF, Ill. — The fact that average consumer transaction balances are at $4,436 — a higher dollar amount than any time in the last 25 years — should be a big red flag for credit unions.

Huntington Bancshares (HBAN) in Columbus, Ohio, improved its bottom line as an increase in revenue offset higher noninterest expenses.

SAN FRANCISCO — It's time for credit unions to start talking a little SMAC.

SAN FRANCISCO — The flurry of regulations coming out of CFPB were expected to drive some credit unions right out of the mortgage business, but the "big dog" of mortgage regulation is yet to come, and that one might finally do the trick, according to one compliance expert.

SAN FRANCISCO — Credit unions need to continue to invest in technology — and use it well — if they expect to attract the elusive Millennial demographic.

Banks want to offer short-term consumer loans but regulatory constraints make it difficult. Credit unions are piling into this line of business. It all translates into a rare opportunity for traditional nemeses to cooperate.

Sierra Bancorp (BSRR) in Porterville, Calif., has agreed to buy Santa Clara Valley Bank (SCVE) in Santa Paula, Calif.

Home BancShares (HOMB) in Conway, Ark., got a big boost last quarter from a recent acquisition.

People's United (PBCT) in Bridgeport, Conn., has started a payments firm in partnership with Vantiv in a move that aided the company's quarterly results.

Sandy Spring Bancorp's profits fell short of expectations in the second quarter as revenue from mortgage banking plummeted and litigation costs rose.

Aided by gains from a recent acquisition, Simmons First National (SFN) in Pine Bluff, Ark., reported a $9.9 million profit in the second quarter, a 51% increase from the same period last year.

First National Bank of Southern California in Riverside and First Mountain Bank (FMBP) in Big Bear Lake, Calif., have terminated their planned merger.

LAS VEGAS — What should diversity look like on a credit union's board of directors?

First Interstate BancSystem (FIBK) in Billings, Mont., will close eight branches after it acquires Mountain West Financial (MTWF) in Helena, Mont.

LNB Bancorp (LNBB) in Lorain, Ohio, has hired a new chief financial officer.

East West Bancorp (EWBC) in Pasadena, Calif., reported double-digit earnings growth in the second quarter increase in its second-quarter earned a profit in the second quarter loan growth following the MetroCorp acquisition earlier this year.

KeyCorp (KEY) in Cleveland reported higher quarterly earnings after a jump in investment banking and debt placement fees and lower credit costs.