Americas

Mark Herter has been with the credit union since 1985 and will be succeeded as CEO by current president Laura Campbell.

BluCurrent CU launched video banking in 2012 in the hope new technology would be cheaper long-term than additional staffing, and the credit union has seen strong growth as a result.

The leader of an Ohio mutual is urging his peers to follow the lead of credit unions by forming groups to share technology and collaborate on lending and deposit gathering.

Consumer advocates are urging local governments and courts to consider a person’s ability to pay before assessing fines and fees for such infractions as unpaid traffic tickets. Such changes could help low-income households avoid bankruptcy — and perhaps even make them more bankable.

Guy Gentile ran a stock brokerage. He spent years running sting operations as an FBI informant. Then, after he was arrested anyway, he beat the charges. Now his plan for his next act — opening a bank in Puerto Rico — is hitting a snag.

Virginia National will set aside up to $950,000 to cover losses after ReliaMax, a firm that issues surety bonds for student loans, was placed into liquidation.

More than three decades after American flags stopped being placed at headstones at Fort Snelling National Cemetery, one Twin Cities-area credit union brought the flags back – for more than 200,000 gravesites.

Current CEO Bill Butler will retire in June 2020, at which time COO Christy O’Connell will take the helm.

A first-in-the-nation ordinance, passed by the city council in the wake of the Wells Fargo scandal, would require banks that want the city’s business to reveal if they have sales quotas for employees. It remains to be seen, though, whether Mayor Eric Garcetti will sign the measure into law.

The Albany, N.Y. based credit union announced the program just in time for the Fourth of July.