Americas

MELBOURNE, Fla. — To modernize its cross-departmental technologies, Space Coast Credit Union decided to adopt a new core platform that its executives say will complement ancillary product offerings.

NEW YORK — SourceMedia, a leading B2B information, marketing solutions, research and events company, announced the addition of John Wiley as the new publisher for its Credit Union Journal brand.

Investors in the failed Tennessee Commerce Bank have reached a tentative agreement to resolve a two-year-old class action involving the bank.

Georgia once was known as the state hit with the most bank failures. Renasant's agreement to buy Heritage Financial in Albany, Ga., is the latest of several deals where buyers have paid strong premiums to enter or expand in the state.

RANCHO CUCAMONGA, Calif. — Consumers swiped and clicked their plastic over Thanksgiving weekend, as analysis from multiple sources found credit spending increased almost 13% while debit spending increased nearly 7%, compared with last year.

ALEXANDRIA, Va. — At NCUA's final board meeting of 2014, Chairman Debbie Matz announced the formation of two working groups, one focused on field-of-membership issues and the other on supplemental capital.

New York State's top banking regulator Benjamin M. Lawsky released details Wednesday of his plan to require the state's financial institutions — including credit unions — to upgrade their cyber-defense systems.

The $1 billion-asset ESB said in a press release Thursday that it will pay $53 million in cash for the $333 million-asset Citizens National.

The Treasury Department has sold nearly a fifth of its stake in Puerto Rico's First Bancorp in recent months.

ARLINGTON, Va. — NAFCU has appointed Alicia Nealon as director of regulatory affairs.