New York

Ronald McLean, who is chief engagement officer at the New York Credit Union Association, will take over at CCUA next month.

Credit unions haven't dipped into subprime lending as much as other lenders, which has helped protect the industry – but there could still be major speed bumps ahead.

The bank gained $45 million in PACE financings, which let homeowners pay back the costs of efficiency projects over time.

The company disclosed that it paid $146 million for servicing rights associated with $13 billion in mortgages.

Credit card issuers would have to set aside more in reserves because of higher loss histories, according to research by Keefe, Bruyette & Woods on the impact of the new loan-loss standard.

Battle lines are hardening in the fight against stores that eschew cash, as New York City’s Committee on Consumer Affairs plans to hear arguments Thursday on a proposal to ban cashless stores like Amazon Go.

Boat sales have increased since the financial crisis, creating an opportunity for credit unions, but a number of risks mean institutions should tread carefully.

Maureen Genna will take over from retiring CEO Linda Levy, who gained notoriety when she sued the Trump administration.

The Albany, N.Y.-based credit union has already named a successor for when CEO Paula Stopera retires in May.

The New York company will add $504 million of asset-based and equipment finance loans as part of the acquisition.