Corporate finance

Members of Credit Union South, which has lost money during the past five years, voted to approve the merger.

The credit union saw a 50 percent increase in mortgage originations, which helped spur a significant spike in net income last year.

The Swiss bank’s CEO calls the trading environment “one of the worst in recent history”; 10,000 of German bank's U.S. employees fret over their future.

The $1.2 billion-asset institution has issued rewards payouts for nearly 40 years, but returns have gone down in each of the last few years.

The Saginaw, Mich.-based institution has yet to reveal the new name, though management indicated that it won't include a religious reference.

Credit unions in those two states also posted double-digit growth in total loans and recorded lower delinquency rates.

The California banking company has two loans tied to DC Solar that are on nonaccrual status.

Among other accomplishments, Dresang engineered a merger that brought more than a dozen credit unions together to create Community First.

Flourish, a fund backed by Pierre and Pam Omidyar, invests in startups that address social and financial inequities yet (key caveat) are still promising moneymakers, a top official of the fund explains.

East Windsor, N.J.-based McGraw Hill Federal Credit Union will merge into PenFed, the latest in a series of growth moves from the nation's third-largest credit union.

Understanding how the payments ecosystem works is a basic tenet for anyone aspiring to work in the industry. Visa's Taira Hall has that understanding, plus she is ingrained with a trait many others may not have — she has experienced what happens when there is no accessible payments system in place.

Wegner Award winner Diana Dykstra was instrumental in the creation of the Global Women's Leadership Network and CU Direct in her more than 30-year career.

The San Diego-based credit union’s membership grew at double the national average.

Mark Calabria, who could be confirmed as early as this month, is expected to focus on changes to Fannie Mae and Freddie Mac’s conservatorships to let the mortgage giants keep more of their profits.

BrightWise is a joint venture among the Iowa CU League, its holding company and LMG Security. The initiative aims to teach credit union professionals how to better protect their institutions.

The California company could charge off $15 million because of allegedly fraudulent acts by an employee at one of its correspondent customers.

The league will work with Quatrro Processing Service to provide member credit unions with access to emerging technologies to combat fraud.

SalesPhysics was created by industry veterans who once worked at Bank of America.

The Kansas-based institution saw growth in a number of areas last year, though increased staffing costs.

The Illinois-based credit union has broadened its field of membership to include two Missouri counties and issued another dividend.