California

Credit unions in the Silver and Golden states saw strong increases in growth and deposits during the first quarter of 2018.

The California-based credit union will convert to the Symitar EASE model of the Episys platform.

The company, which is dealing with a lawsuit from the Federal Trade Commission tied to certain fees, hired Ronnie Momen from GreenSky as its chief lending officer.

The Los Angeles company's second-quarter profit also benefited from last fall's purchase of CU Bancorp.

Limited acquisition opportunities remain in the state's hottest markets, which will force buyers to pay bigger premiums or pursue deals elsewhere.

New service provides credit scores to members via mobile, home banking.

Member Business Lending is a Utah-based provider of commercial, small business lending origination for credit unions.

When GDPR went into effect in May, it was expected that the European law would touch a lot of U.S. payment companies because of their international scope. Now it's clear that even purely domestic U.S. firms will have to adhere to some version of the data-privacy law.

Echoing the set of restrictive rules known as GDPR enacted earlier this year by the European Union, the state legislation — which does not take effect until 2020 — will almost certainly be the subject of intense lobbying from business giants that vacuum up all the data.

Mark Herter has been with the credit union since 1985 and will be succeeded as CEO by current president Laura Campbell.