Location Root Tag

PLYMOUTH, Minn. — For many credit unions, selecting a new core provider is a cumbersome, tedious process that takes months and sometimes more than a year.

MADISON, Wis. — CUNA Mutual Group is expanding its credit union member-facing insurance options through an alliance with private health insurance marketplace GoHealthInsurance, which will allow CUs to market health insurance directly to members.

ALEXANDRIA, Va. — NCUA has received nearly $5.4 million in restitution from a fraud prosecution by the U.S. Attorney's office of the Northern District of New York.

Beneficial Mutual Bancorp in Philadelphia, which dates back to 1853, is the latest old-school mutual thrift to announce plans for a second-step conversion to a fully public stockholder company.

C1 Financial, a $1.4 billion-asset company in St. Petersburg, Fla., raised $45 million today from its initial public offering.

FERGUSON, Mo. — All around Alliance Credit Union's office here, businesses have broken windows, knocked-down doors, and one has even been burned to the ground amid the riots that have followed the deadly shooting of a local young black man by a white police officer.

MADISON, Wis. — CUNA Mutual Group is expanding its credit union member-facing insurance options through an alliance with private health insurance marketplace GoHealthInsurance, which will allow CUs to market health insurance directly to members.

Nearly six months after some CertusBank investors demanded a total management overhaul, the Greenville, S.C., company elected six new board members at an annual meeting last week. Yet investors remain very concerned about the company's ongoing losses and capital levels, new Chairman John Poelker says.

NEW YORK — The U.S. payments system's march toward EMV is gaining steam, according to the Payments Security Task Force.

CenterState Banks in Davenport, Fla., plans to close additional branches from a recent acquisition.

The U.S. Treasury Department said it will cut its stake in Ally Financial Inc. (ALLY) by selling stock on the open market in its first divestiture since an initial public offering in April.

First Citizens BancShares in Raleigh, N.C., has appointed Blake Coules chief risk officer.

Customers Bank in Wyomissing, Pa., has announced three new appointments to executive positions, including one to the newly created role of Small Business Administration national director.

Citizens Financial Group in Providence, R.I., is expanding its commercial banking operations to lend to more midsize companies in more parts of the country.

KENSINGTON, Md. — Lafayette Federal Credit Union has entered into a unique partnership with Hitachi Government Finance to drive the CU's commercial lending.

OKLAHOMA CITY — The $562 million FAA Credit Union became the first CU in Oklahoma to receive the Cornerstone Credit Union League's "Juntos Avanzamos" or "Together We Advance" designation for its "dedicated service" to the Hispanic community.

The Bank of Edwardsville in Illinois has begun looking for a new chief executive, after its current CEO, Thomas Holloway, said he would retire next spring.

WASHINGTON — Capitol Hill's interest in the risk-based capital rule — possibly reaching record levels for NCUA's proposed rulemaking — may lead to greater change to the final rule than what the agency has said is coming, according to several Capitol Hill observers.

MADISON, Wis. — Credit unions continued to hand out pay increases to staff members in 2013, and most expect to do the same this year.

The Bancorp in Wilmington, Del., has revised its second-quarter results and now says it turned a modest profit in the quarter that ended June 30.