Utah

Amid a push to re-examine the tax status for large credit unions, let's look at the reality of the benefits they provide to CUs a fraction of their size.

Varo Money just received conditional approval from the OCC. Now it has to raise capital, create a CRA plan and get a go-ahead from the FDIC.

The OCC required the company to raise more capital and complete a CRA plan. Varo Bank still needs FDIC and Fed approval before opening.

The industry group wants the FDIC to reject an ILC request from student lender Nelnet and impose a two-year ban on future applications.

Member Business Lending is a Utah-based provider of commercial, small business lending origination for credit unions.

Nelnet’s planned bank would be an online enterprise focused on gathering deposits and making private student loans.

LeeAnne Linderman, who oversees retail banking for Zions, was the first female chair of the Utah Bankers Association and has mentored and advocated for women in the industry.

The Minnesota-based credit union said its current system was not keeping up with the marketplace.

New features include an enhanced search tool, branch locator, guided content.

The Utah company reduced the size of its loan-loss allowance, citing improvement in its energy book at minimal losses from Hurricane Harvey.

The $2.9 million-asset Dugway Federal Credit Union served fewer than 700 members.

Utah-based America First CU is expanding into Arizona.

The Salt Lake City company reported an efficiency ratio of 61.6% despite charges and costs tied to recently passed tax reform.

The company has agreed to buy the operations of Veterans Mortgage in Salt Lake City.

Utah-based CU has returned $11 million to members over last 14 years.

Here's a look at the 12 housing markets with the largest percentages of mortgages over $500,000 — the new threshold House Republicans have proposed for the mortgage interest deduction in their tax plan.

The company will also gain $260 million in loans and $180 million in deposits from Banner Corp.

Cache Valley Bank in Utah agreed to buy Proficio's deposits and most of its assets.

People's Utah Bancorp in American Fork has its next chief financial officer waiting in the wings a year in advance.

Zions Bancorp. has appointed a new CEO at Nevada State Bank.