California

California-based CuVantis aims to change the model for how credit unions offer financial planning by offering non-commissioned services to members.

Even as the movement grows through charter changes and field of membership expansions, some observers say many boards don’t yet reflect this dynamic.

A lawsuit alleging Wells Fargo improperly compensated its California-based mortgage loan officers could have broader ramifications now that it has been granted class certification.

The three large banks banks are joining a number of institutions in agreeing to eliminate fees for Californians who receive benefits via electronic transfer cards. Chase and BofA will also waiving the fees nationwide.

Tim Green is taking over at the California-based credit union following the retirement of longtime CEO Richard Andrews.

The company said the move reflects intense competition and a "significant decline" in origination volume.

Many credit unions already know they need to diversity their slate of directors. Here's how a handful of CUs have already started that process.

Auto lending in particular was a strong area for institutions in both states.

The parent company of Silicon Valley Bank predicted a strong year, saying the high-tech and other niches it serves are built to withstand current economic uncertainty.

Keith Wilton will also succeed Walter Kaczmarek as president in August.

The $1.9 billion-asset Schools Financial Credit Union has plans to merge into SchoolsFirst, which is already the largest credit union in California.

The consent order against California Check Cashing Stores is part of a broader crackdown by the Department of Business Oversight on small-dollar lenders trying to skirt interest rate limits.

Coast-Tel Federal Credit Union is merging into Bay Federal Credit Union on Feb. 1 with the integration expected to be completed by midyear.

The San Francisco company's quarterly earnings also reflected higher wealth management revenue.

The tricky part: raising awareness without appearing to take advantage of borrowers at a time when agencies like the SBA are out of commission.

With government workers off the job, some credit union call centers are extra busy as worried members reach out with questions.

Intrepid Investment Bankers provides advice on M&A and capital markets activities.

As government employees carry on without pay, Cabrillo Credit Union and others must balance liquidity concerns with staying out of a political fight.

Tom Meuser, the chairman of El Dorado Savings in California, said he could not get the necessary two-thirds backing from his shareholders because of recent declines in bank stock prices.

A state-backed bank would not be financially feasible because capital requirements would be too high and it likely wouldn’t return profits to the state for at least 30 years, consultants concluded.