Nebraska

The Papillion, Neb.-based credit union has appointed Chief Operations Officer Robin Larsen to succeed Gail DeBoer.

Referendums that legalized marijuana and sports wagering in several states could incentivize banks to do business with companies in these sectors. Payday loan and privacy measures that passed Tuesday also have implications for the industry.

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.

Industry groups also supported Democrat Christy Smith in a special election in California, though it appeared likely she would lose the bid.

N.W. Iowa CU has agreed to merge into Siouxland FCU, citing rising technology costs and an increasingly complex compliance environment.

Nebraska bankers sued after MembersOwn Credit Union successfully added eight counties to its field of membership last year.

Now known as Explorers Credit Union, the Yankton, S.D.-based shop serves consumers across South Dakota and Nebraska.

Ericson State Bank, which had been in regulators’ sights for a decade, was closed by state and federal authorities Friday. Another bank acquired all of its deposits and a fraction of its assets.

One bill would tax credit unions in the Sunflower State with at least $100 million in assets.

Cobalt Credit Union will absorb Community Hope FCU after being approached by the National Credit Union Administration.

Hove, who spent 11 years on the Federal Deposit Insurance Corp. board, was the agency's acting chairman three different times during the 1990s. He held several jobs in banking, including chairman and CEO of Minden Exchange Bank & Trust, which had been led by his father.

Acquiring the Nebraska bank would give CIT Group access to billions of low-cost deposits to fuel a go-it-alone growth plan. CEO Ellen Alemany says it could also make her company "more valuable" to potential buyers if it ever wants to sell.

A $19.1 billion aid package signed into law earlier this month is welcome news for credit unions in Nebraska and a host of other regions that have suffered from recent natural disasters.

April Tompkins has been chief operating officer at the South Dakota-based institution for three years.

Credit union executives reported seeing an uptick in car loans as the weather improved but some predicted lending would be down this year.

The Yankton, S.D.-based institution can now serve 18 counties across two states.

The disaster has caused billions of dollars in damages across several Midwestern states.

Rising waters in the Cornhusker State have already caused in excess of $1 billion in damages.

Two Iowa CUs had to come up with new names after a 2018 law prohibited them from using state universities as part of their brand identity.

Credit unions in the Cornhusker State are waiting to see whether lawmakers move forward on on a bill that would allow banks the opportunity to block field of membership expansions.