California

From "BayBucks" to service excellence awards, California's Bay Federal Credit Union is committed to recognizing staff who go the extra mile.

Hanmi Financial wants SWNB in Houston to pay a termination fee, citing "material breaches" of covenants tied to their now-defunct merger agreement.

Colin Walsh, Varo Money's CEO, learned a lot from his first stab at deposit insurance. Lesson one: Work with one regulator at a time.

The law gives residents more — and welcome — control over their data. But it will take work for credit unions to meet the new requirements, such as possibly having to amend third-party vendor agreements.

Riverside, Calif.-based Altura Credit Union believes happy staffers will lead to happy members.

The legislation would help small-business owners better evaluate financing options by requiring updated disclosures.

The merger, recently approved by Denali's membership, will create a $2.2 billion-asset credit union with dozens of branches across five Western states.

All three credit unions hold less than $250 million in assets.

The legislation, which creates new disclosure standards for financing costs, could hamstring commercial lenders that offer revolving credit facilities.

The Los Angeles company will also gain its first branches in Nevada after completing the $467 million acquisition.