Location Root Tag

Albany, N.Y. — What has for years been known as the Credit Union Association of New York officially became known as the New York Credit Union Association as of today.

WICHITA — Consolidation among state credit union leagues isn't slowing down, as leagues in Kansas and Missouri are exploring the possibility of a merger.

PEORIA, Ill. — Citizens Equity First Credit Union (CEFCU) said it will distribute a record $40 million extraordinary dividend to the credit union's members.

Bridge Bancorp in Bridgehampton, N.Y., has agreed to buy Community National Bank in Melville, N.Y.

The $5.9 billion-asset company said in a press release Friday that it has offered the subordinated notes in a private placement to unnamed institutional investors.

Doral Financial in San Juan, Puerto Rico, has resubmitted its capital restoration plan to the Federal Deposit Insurance Corp. after the agency determined that the initial plan was insufficient.

ALEXANDRIA, Va. — Detroit-based Health One CU Friday was liquidated by the Michigan Department of Insurance and Financial Services, with NCUA named as liquidating agent.

Some banks offer better mobile apps than others, although there is time to recover because most consumers are not quite ready to switch banks yet based on app quality.

The Mississippi company is hopeful examiners will recognize progress made on Bank Secrecy Act compliance, including a much bigger staff and enhanced systems. If all goes well, BancorpSouth could have a consent order lifted, paving the way for it to refile applications for two acquisitions it hopes to complete next year.

Bidding is over in the first bankruptcy auction to be held at the demand of trust-preferred creditors, but there's no clear winner.

BUTTE, Mont. — The members of $69 million EDTECH Credit Union voted to merge their CU into $607 million Horizon Credit Union, Spokane Valley, Wash.

AmeriServ Financial in Johnstown, Pa., is making leadership changes as its chief executive plans to resign early next year.

Two River Bancorp in Tinton Falls, N.J., has received regulatory approval to redeem half of the preferred stock it issued under the Small Business Lending Fund program.

Royal Bancshares of Pennsylvania in Narbeth could be looking for a new chief risk officer.

WEST JORDAN, Utah — In an effort to better educate new employees about financial literacy, Mountain America Credit Union has developed a series of videos on topics ranging from indirect lending to business services and outbound sales.

MELBOURNE, Fla. — To modernize its cross-departmental technologies, Space Coast Credit Union decided to adopt a new core platform that its executives say will complement ancillary product offerings.

NEW YORK — SourceMedia, a leading B2B information, marketing solutions, research and events company, announced the addition of John Wiley as the new publisher for its Credit Union Journal brand.

Investors in the failed Tennessee Commerce Bank have reached a tentative agreement to resolve a two-year-old class action involving the bank.

Georgia once was known as the state hit with the most bank failures. Renasant's agreement to buy Heritage Financial in Albany, Ga., is the latest of several deals where buyers have paid strong premiums to enter or expand in the state.

RANCHO CUCAMONGA, Calif. — Consumers swiped and clicked their plastic over Thanksgiving weekend, as analysis from multiple sources found credit spending increased almost 13% while debit spending increased nearly 7%, compared with last year.