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Chief Executive Richard Davis said Tuesday that he expects a “neutral outcome” in the second quarter, as low interest rates continue to weigh on income from loans.

Dickson Chu transitioned to the board after two years as the company's chief product officer, it said in a June 14 news release. In his new role he will continue serving as an advisor to the company's leadership regularly and formally.

Synchrony Financial said Tuesday that it is expecting loan losses to rise over the next year as more consumers struggle to pay off their credit card balances.

Seattle Metropolitan CU elects six and UNCLE CU re-elects its chairman.

AUORA, Colo. -- Fitzsimons Credit Union announced Monday that long-time chief executive Sandy Neves will retire at the end of June.

Fears about repurchase requests made by Fannie Mae and Freddie Mac persisted beyond the crisis, but those fears don't match actual repurchase numbers.

DuPont Community Credit Union (DCCU) announced that current President/CEO Gerald B. Hershey will retire effective March 2017.

Mobile commerce company Spindle has hired a Fiserv executive to be its interim chief executive.

The latest shot was fired this week in the ongoing feud between an investor group and Seacoast Banking Corp. of Florida in Stuart.

Two CUs name controllers, a CEO earns special recognition and other CU officials in the news.

Competitive pressure and revenue challenges are creating a need for executives to focus more on strategic planning, and CFOs want a piece of the action. Unfortunately, many CFOs are bogged down with checklists and mundane tasks.

John Murphy, President/CEO of the Maine Credit Union League and Synergent – the league's service subsidiary – announced that he will be retiring effective June 1, 2017.

FirstMerit reached out to a foreign bank last fall in an effort to negotiate a sale, but the Ohio company eventually agreed to sell itself to Huntington Bancshares for $3.4 billion.

The Securities and Exchange Commission has given community banks and other small companies more flexibility to issue private stock, but even more flexibility should be granted to fulfill congressional intent.

Carolyn Berkowitz stepped down as president of that Capital One Foundation in McLean, Va., in late April to pursue other opportunities, the company confirmed Wednesday.

A longtime California bank regulator and executive has joined the board at Hanmi Financial in Los Angeles.

The financial crisis, and its aftermath, created a new layer of regulation to consider. A growing need to fund technology projects and an uncertain rate environment have only made it harder to forecast revenue and expenses.

A CU that is about to change its name has also created a new position in its C suite, and other CU professionals and volunteers in the news.

A push for having an independent chairman gained traction immediately after the financial crisis. Years later, the effort seems to be losing momentum.

First Federal Bank of Wisconsin in Waukesha has a new chief executive lined up.