Americas

The Pensacola, Fla.-based credit union's newest chief executive has helmed two other CUs over the course of more than two decades in the industry.

The Credit Union National Association’s Governmental Affairs Conference, normally the industry's biggest annual event, will be held this week in a virtual setting, a change that would have seemed unthinkable one year ago.

The company has agreed to pay $43 million for a bank with assets of $354 million.

Members of two smaller institutions will soon vote on whether to join South Carolina-based REV, boosting its assets by 15% and giving it a foothold in North Carolina.

Dana DeFilippis will take the helm at the Chalfont, Pa.-based credit union next month. She succeeds retiring CEO David Whitehead.

The North Carolina-based credit union appointed a new chief financial officer and a new president to its for-profit arm.

John Zmolek has been involved with the Seattle-based institution for more than three decades. A successor has not yet been named.

New data from the state regulator shows gains across several key metrics even as allowances for loan losses surged and the loan-to-savings ratio fell by more than 10 points.

A severe cold snap in the state has tested financial institutions unaccustomed to such weather-related disruption.

Joseph Lajoie has succeeded Pamela Mello, who stepped down last month after more than five years in charge.