Virginia

Timothy L. Anderson, who has held C-level positions at a number of other credit unions, including Government Printing office FCU and Treasury Department FCU, has taken over following CEO Kenneth Kramer's departure.

The National Credit Union Administration caught flak after it approved raising the threshold for appraisals on commercial real estate loans to $1 million.

The half-dozen institutions all hold less than $50 million in assets – some less than a half-million – and will collectively pay a total of about $5,000 to the U.S. Treasury.

Trustar Bank is set to debut in northern Virginia in July.

The Pittsburgh regional, once among the most industry’s most active acquirers, hasn’t bought a bank in more than two years — and it’s in no rush to do so.

Ken Lehman recently bought a block of shares in Village Bank & Trust Financial.

Offering secured credit cards can help a credit union build loyalty with members but this product line can be difficult to successfully manage.

An unusual succession plan at Burke & Herbert Bank raised speculation that Virginia's oldest bank might be interested in buying another institution, for the first time in its history, or even selling to a larger rival. The bank's interim CEO, and the man who will replace him, have other plans.

Members at the $155 million-asset Partnership still need to approve the proposed transaction.

The Credit Union Internal Auditors Association is set to merge into the Association of Credit Union Internal Auditors.

A Burke & Herbert veteran will serve as CEO until January, when the bank will introduce an outsider as its leader.

The McLean, Va.-based institution said that its capital hit a record $2.5 billion last year.

Blue Ridge Bankshares will be based in Charlottesville, Va., after completing its $43 million purchase of Virginia Community Bancshares.

The credit unions, all of them small institutions, will pay a total of $4,069 in penalties for tardy submission of Q3 2018 all reports.

As credit unions attempt to bring in deposits to fund more loans, one institution's success story could offer a path for others.

Credit union share of the credit card market is at a record high but there are concerns that this debt could begin to sour if the economy turns.

The current compensation rule, which was last updated more than two decades ago, is confusing, industry experts said.

Montgomery County Employees Federal Credit Union is now operating as SkyPoint Federal Credit Union.

Constellation Federal Credit Union has received the OK from members and regulators to merge into $3.4 billion-asset Northwest FCU.

Sure, M&A is a good option, but so are branch deals or key hires, say two veteran bankers who shared some of their successful strategies at American Banker’s Retail Banking Growth Stories conference.