Americas

Challenges will likely increase as interest rates rise and investors grow more concerned about a downward turn in the economic cycle.

California-based America's Christian Credit Union's efforts earned it a 2018 Best Practices Award.

Silvergate is selling the branch to focus more on fintech deposits and specialty lending.

Kekaha CU will keep its brand identity following the merger, operating as "a division of Aloha Pacific Federal Credit Union."

The North Carolina regional bank will gain four locations and $834 million in loans.

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.