Americas

After incorporating big data, tweaking existing products and reducing barriers for new members, the Mass.-based credit union saw increased checking usage, more deposits and higher PFI levels.

At one time 27 CUs served the store’s employees, and the closure of the last one is a microcosm of the issues plaguing many single-SEG credit unions.

The National Credit Union Administration on Thursday approved a two-year budget as the board credited the merger of two funds with helping CUs stave off assessments amid a surge in liquidations.

Wells Fargo will lay off 1,000 workers primarily from its mortgage unit in the first major round of a previously announced plan to cut the bank's workforce by as much as 10% over the next three years.

The Mississippi company will have 22 branches and more than $1 billion in assets when the deal is completed.

After a previous campaign netted disappointing results, management narrowed the time frame and upped the advertising for bigger, better results.

The move allows the New York multifamily lender to make more loans without having to raise capital.

Brenda Kerr will be responsible for creating a strategy for the bank's retail operations.

New Valley Bank & Trust is set to become the state’s first new bank since 2008.

Sierra Central Credit Union has launched emergency relief programs for staff and members impacted by the Northern California wildfires as the CU's Paradise, Calif. branch unexpectedly survived.