Americas

Millennials may be the largest demographic in America today, but one marketing expert says credit unions who ignore older potential borrowers do so at their own peril.

Nutmeg State Financial Credit Union is the first CU in Connecticut to offer in-branch DMV services — a move that could drive new growth at the credit union.

Acting CFPB Director Mick Mulvaney held a roundtable with credit union leaders from the plains states, including discussions of how the bureau would seek input form CUs now that its advisory boards have been shuttered.

Apple Federal Credit Union is taking steps to help members save for retirement after a recent study revealed high percentages across the age spectrum aren’t saving enough.

President and CEO Joseph Ficalora took a 33% pay cut in 2017, but shareholders still rejected the plan by a wide margin.

Ameris Bancorp said that Edwin Hortman will step down as president and CEO in July but will continue as chairman.

Live Oak is the latest bank to jump into this niche lending area. But some warn they are beginning to see cracks in credit quality.

First Midwest Bancorp has agreed to buy Northern States Financial in Waukegan, Ill., for $91 million.

First Internet Bancorp in Fishers, Ind., which went public in 2013, could also use the capital for acquisitions and other investments.

The bill is one of two SBA-related measures the Senate approved late Tuesday and sent to President Trump to sign into law.