Americas

Amy Nigrelli will serve as CMO of the Albuquerque-based credit union, one of two recent personnel moves there.

Banking trade organizations are usually cautious about making endorsements. But with Democrats winning the White House and control of Congress on the line in the two races, some groups are pouring in cash for the GOP candidates.

The Washington, D.C.-based institution could see its membership grow by as much as 72% now that federal regulators have approved the move.

The company is looking to shutter 10 of its 63 branches over coming months, reflecting a shift in customer preferences.

Members of tiny Gloucester Municipal CU are set to vote early next year on whether to join Metro Credit Union.

Chief Operations Officer Jerry Schmidt will take over at the Rapid City, S.D.-based institution in early January.

The companies took a pause from merger discussions when the pandemic hit to evaluate their individual circumstances.

The credit union now has a community charter to serve seven counties in addition to several select employee groups.

Fran Godfrey, who has spent more than 35 years at the Michigan-based institution, will step down at the end of January.

Though it is unclear why Rhinebeck Bancorp is looking to form Rhinebeck Commercial Bank, other mutual banks have pursued the strategy to work around a state law barring them from working with municipalities.