Americas

The Louisiana credit union holds just $3.5 million of assets and could not find a successor for its retiring chief executive.

Trustly Group AB’s plan to raise almost $1 billion through an initial public offering in Stockholm may be followed by a second listing in New York, according to its chief executive.

Banking trade groups have called for congressional hearings following the Jacksonville, Fla.-based credit union's agreement to purchase the $1.6 billion-asset Heritage Southeast Bank, the largest deal of its kind to date.

Ann Dubie stepped down from the Joliet, Ill.-based credit union in March after 20 years at the helm.

The deal will see the $16 million-asset Georgetown FCU join the $258 million-asset PAHO/WHO. The combined institution will serve more than 7,500 members.

The New York institution is believed to be the first credit union to open its doors to the general public as part of the mass vaccination effort.

Regulators have approved the credit union's request to add 477 underserved census tracts to its field of membership, allowing it to reach roughly 2.5 million consumers.

Michigan State University Federal Credit Union has doubled in size since 2015, thanks in part to expanding its branch network and field of membership.

John Servos spent the last dozen years as CEO of the St. Louis-based Neighbors Credit Union.

Rex Johnson, who helped found the New Jersey credit union in 1980, was 77.