Americas

Pearl Harbor Federal Credit Union changed its name to Pearl Hawaii Federal Credit Union, effective July 1.

In the wake of the recent Supreme Court decision legalizing gay marriage, Equality CU, which plans to cater to the LGBT community, faces a number of road blocks. But the fledgling group offers unique perspective on how all CUs can try to reach this market.

Jane G. Watkins, president and chief executive officer of Virginia Credit Union, a $2.7-billion institution based in North Chesterfield, Va., said she plans to retire on March 31, 2016, after serving 33 years in various capacities.

The $1.2 billion-asset National Commerce said in a press release Tuesday that it will pay about $37 million in cash and stock for the $300 million-asset Reunion Bank.

The Fed determined that the purchase of Susquehanna Bancshares, which would push BB&T's assets above $200 billion, will not pose a threat to the U.S. financial system. The approval could give more regional banks confidence to pursue bigger acquisitions.

Riverwood-Maritime CU here has been absorbed by Fox Communities Credit Union.

Americas United Bank in Glendale, Calif., has agreed to buy two branches from Banc of California in Irvine.

NCUA announced that it has issued a federal charter to ELCA Federal Credit Union, making it the third such new charter for 2015.

The former operators of an online payday lending scheme in the Kansas City area will be banned from the consumer finance business under a proposed settlement with the Federal Trade Commission.

Should credit unions pay their directors? That's the question asked in a recent study from Filene Research Institute.