Americas

OMAHA, Neb. — Centris FCU here, and Direct FCU, Needham, Mass., both looked within their own ranks to find their new chief executives.

Shareholders at New York Community Bancorp (NYCB) have rejected the company's compensation packages for top executives.

When Bank of America (BAC) announced a new deposit account with a reliable $4.95 monthly fee, some industry observers questioned whether the Charlotte, N.C., company could squeeze out a profit.

Big banks can afford mega-settlements to solve their woes, but First Horizon National in Tennessee has to fix itself the old-fashioned way: slow cleaning up of its mortgage mess, opportunistic acquisitions, opening loans offices … and, oh yes, begging investors for a few more years of patience.

Union Bank in San Francisco has added five new directors, including a former bank regulator, as part of a series of changes to its corporate names and structure.

SCHAUMBERG, Ill. — The reduction in mortgage demand has some credit unions reaching down to slightly lower credit scores.

The $9.7 billion-asset company said in a regulatory filing Wednesday that it could sell the stock from time to time through Credit Suisse Securities.

What lays ahead in the ever-changing payments marketplace? Credit Union Journal asked some industry experts and here's what they said.

SAGINAW, Mich. — A member of Team One CU found $7,000 in the CU's drive through earlier this week and decided to do the right thing.

MECHANICSBURG, Pa. — One CU is making it easy to transfer credit card balances to the cooperative — members simply snap a picture of their competing card's statement with a mobile phone.