Succession planning

Current SVP Tom Davis will take over as dictated by the firm's long-time succession plan.

Marvin Schoenhals had been the Delaware company's chairman for 25 years. He stepped down as CEO in 2007.

Cochran is putting the cap on a career of more than 40 years that includes helping create Louisiana's CU Cooperative Branching Network and serving as the first female chair of the World Council of Credit Unions.

The company said that Dennis Shaffer, its president, will succeed James Miller at the end of this year.

Hood has worked at CU near Niagara Falls since being hired as its bookkeeper in 1983.

IH Mississippi Valley exec attends U.S. Army War College seminar and more CU professionals in the news.

The New York Times explores why we lack female CEOs, Uber considers Bank of America’s Anne Finucane for its CEO spot, and State Street’s head of corporate governance explains its push for gender diversity on boards. Plus, who needs a hero?

Citizens Equity First promotes two in its electronic services department and more promotions, new hires and awards.

Brandon Riechers has been with RCU since 1996, has served as EVP/CLO since 2012.

The company agreed to buy MainSource Financial in Indiana for $1 billion, creating a Midwestern bank that will have more than 200 branches and $13 billion in assets.

As real estate loans continue to be a key product, CUs are investing in personnel focused on these offerings.

Irish League of CUs President Brian McCrory formally succeeded Daniel Burns as chair of the World Council of Credit Unions board.

Credit unions are hiring and promoting new loan officers to ramp up a key area of their operations.

Kennedy, who succeeds retiring CEO Lee Hancock, has served in executive positions at a variety of other credit unions.

Clearing services, assets under custody and administration and other parts of the trust bank's operations rose in the second quarter, all good news as it shifts leadership from Gerald Hassell to former Visa CEO Charlie Scharf.

One CU taps a new CFO and other leadership changes throughout the industry.

The Dallas company is in the middle of a dramatic turnaround after scaling back on energy loans and slashing expenses. Still, followers of the company seek assurances that the discipline will endure.

Why choose a former Visa chief to run a custody bank? Because to survive long term, Bank of New York Mellon will have to look more and more like a payments company.

Scharf, a former Visa CEO and JPMorgan executive, succeeds Gerald Hassell as leader of Bank of New York Mellon.

Bob Aresti will retire in November, and the credit union has retained Giombertti Associates to conduct a search for its next leader.