Americas

A new employee each year will be selected to represent the Eau Claire, Wis.-based credit union at industry events.

The Michigan company will pay $68 million to expand in a high-priority market.

Tussles over risk-based capital have preoccupied the agency of late, but Rodney Hood says he also wants to foster growth of minority-owned institutions and make sure credit unions are taking the hacker threat seriously.

Andigo CU said it would merge into Consumers CU, creating the fifth-largest credit union in Illinois.

The companies said the merger will provide scale and help them update technology more efficiently.

The Los Alamos, N.M.-based institution said that Dwayne Herrera would take over as CEO after its previous leader took another job.

The St. Joseph, Mich.-based institution faced claims that it didn't properly opt members in to its overdraft program.

Large banks are going from more rural areas to expand in cities like Pittsburgh. Credit unions in the affected markets will have to adapt to survive.

The Michigan company disclosed that an unnamed client made a large payment on a $6.5 million nonperforming loan.

Ron Baron had been serving as interim president and CEO for the Delaware-based institution before being given the job permanently.