Americas

The Lutherville, Md.-based credit union returned $1.25 million to members in the first half of the year, on the heels of a $2M payout last year.

After FASB's decision to give most banks extra time to prepare, lobbying groups are pushing for more.

The former mutual, which had faced pressure from an activist investor, agreed to be sold to Corporate America Family Credit Union.

The South Dakota company warned that it will charge off millions of dollars in loans to dairy and cattle farmers.

CEO William Demchak, encouraged by early returns from new branches in Dallas and Kansas City, Mo., plans to enter even more markets.

The purchase of Ben Franklin Bank is the latest deal in a year that has seen a record number of CUs buying out the competition.

The institution was formerly known as SF Police CU but can now serve law enforcement officers statewide.

The bench upheld a lower court's ruling that the plaintiff did not suffer an "injury-in-fact." Several judges previously made similar rulings.

The Connecticut company, which will top that asset milestone when it buys United Financial, says it could acquire more banks in coming months.

David Cerwinski, who joined the CUSO in 2006, was appointed president of the technology provider.