Americas

In a win for bankers, a new state law is forcing major changes at two Iowa credit unions – and analysts say CUs in other states could face the same fate.

Greater Christ Baptist Church Credit Union had assets of just $608,000, and saw mounting losses during each of the last three years.

The Las Vegas-based credit union posted yet another positive quarter with $2.55 million in net income in Q2.

At least six groups are exploring opening new banks in the state, which is enjoying an economic recovery and has a dearth of local financial institutions.

Colony Bankcorp has recruited two executives in addition to buying a branch and a vacant lot from Planters First Bank.

Once a hotbed of activity, the region has reported the fewest bank mergers since the financial crisis.

JetStream FCU’s Jeanne Kucey says her greatest goal as NAFCU board chair is regulatory relief for credit unions, and she'll do whatever she can to achieve that in the year ahead.

The French company's stake in First Hawaiian will fall to about a third after the secondary offer is completed, and First Hawaiian will buy some of the shares.

Credit Union Trust is targeting a Q1 2019 opening, pending regulatory approval.

The industry continues to push for leniency as the clock ticks toward adoption of the drastic change to how banks account for expected loan losses.