Americas

The California-based institution posted growth in loans but saw net income fall from a year earlier.

The McLean, Va.-based institution said that its capital hit a record $2.5 billion last year.

Chris Lorence, a former marketing official at the Independent Community Bankers of America, is the Credit Union National Association's latest recruit from other financial services trade groups in recent years.

The parent of Ponce Bank has agreed to acquire Mortgage World Bankers.

While regulation and nonbank competition are spooking some banks and credit unions, others believe low funding costs and the right relationships can help them succeed.

There have been six of these transactions announced this year and more are likely as credit unions look for loan and deposit growth.

The community-chartered credit union will now serve nine new counties following two years of reporting 2% or less in membership growth.

Interac is adding Mastercard Send to support a $24.5 billion market for cross-border payments that originate in Canada.

The Alabama-based CU will continue to look for a permanent replacement for longtime CEO, who is retiring in June.

All-electric, zero-emission vehicles make up less than 2% of the market, but a handful of credit unions see an opportunity despite some unusual variables.