Michigan

The Flint-based credit union is the state's third in just over one year to get the OK for an expansion allowing anyone who lives or works in the state to join.

Kathleen Bierlein Yancer served the Michigan-based institution for more than 30 years before retiring in 2003.

Brian McVeigh passed away on Dec. 31, following a 14-month battle with brain cancer, according to a release from the Michigan Credit Union League, having spent more than 35 years serving in a variety of roles at CUs across the state.

In December, the National Credit Union Administration barred the individuals from working in the financial services sector for taking money from their institutions for personal use.

Fran Godfrey, who has spent more than 35 years at the Michigan-based institution, will step down at the end of January.

The name change, which will take effect Jan. 1, comes following the merger of CP Financial and Washtenaw Federal Credit Union.

The trade group supported 11 incumbents running for re-election, including the embattled Maine Sen. Susan Collins, and may have helped Republicans maintain control of the Senate.

The company is looking to tap into a surge of homebuying tied to historically low interest rates.

The deal will expand the credit union's reach into western Michigan at a time when a growing number of banks are trimming their networks.

An appeals court upheld an 1895 state law that bars paying for rides to voting sites, a move one observer suggested is part of a broader partisan fight to impact voter turnout.

The Detroit-area credit union is offering consumers within five ZIP codes free trips to voting sites on Election Day.

The company, which recently completed an audit, set aside funds to cover issues tied with a lending program it discontinued last year. The move cleared the way for Sterling to file an overdue annual report with the Securities and Exchange Commission.

Having already changed charters for a statewide field of membership, the Jackson, Mich.-based institution will now merge with Washtenaw Federal Credit Union.

A new program will provide tuition-free schooling opportunities for those who stayed on the job during the state's lockdown earlier this year.

The National Credit Union Administration issued one prohibition notice for August.

Along with the assets-under-management milestone, Michigan Business Connection noted that its partner credit unions have financed more than 1,000 Paycheck Protection Program loans.

Mesaba, which is also based in Minnesota, is the parent of American Bank of the North and Lake Bank.

Arbor Bancorp and FNBH Bancorp said the pandemic had created uncertainty about the regulatory process for securing approval for the deal.

The Michigan institution's asset base increased substantially in 2019 thanks to a merger but has continued to grow in 2020.

Thomas O'Brien will take the helm at Sterling Bancorp, which is dealing with internal control issues and probes by the OCC and Justice Department into its mortgage operations.