Corporate governance

The $1 billion-asset credit union will now serve five counties across New York's Finger Lakes Region.

James Helt had previously served as the president of ACNB’s bank.

The $8 million credit union’s single office will become a branch

Five federally insured, low-income credit unions earned certification as community development financial institutions

Legion Partners said it has “serious concerns” about the company’s disclosure of inaccurate information.

The New York credit union is touting double-digit growth for 2016.

Quarterly profit fell at SunTrust Banks in Atlanta as noninterest expense rose 8.4% and its loan-loss provision increased.

JPMorgan Chase increased Chief Executive Jamie Dimon’s compensation by 3.7% for last year as the bank’s stock advanced 31%.

The $9.9 million CU will retain its identity even as it becomes part of much larger organization.

Credit unions in Arizona and Texas recently topped major asset milestones – Hughes Federal Credit Union, Tucson, Ariz., said it surpassed $1 billion in total assets, while Texell Credit Union, Temple, Texas, now has more than $300 million in assets

The Minneapolis company reported gains in lending and fee income, but merit-pay increases and compliance-related spending contributed to higher noninterest expenses.

The highly regarded and outspoken Richard Davis is a hard act to follow, but Andy Cecere, who will take over the successful Minneapolis company in a few months, is said to have the right blend of knowledge and judicious temperament for meeting the business challenges that lie ahead.

The Minneapolis company announced that Richard Davis will retire as CEO this spring. He will be succeeded by longtime deputy Andy Cecere.

While the rising interest rate environment has gotten a lot of attention, plenty of other factors will play a role in CUs’ financial fortunes in the year ahead, including a potential Dodd-Frank rollback, rising delinquencies and more.

This is the fourth merger for UNIFY within the last 12 months.

The San Francisco private bank reported double-digit gains in originations and noninterest income that led to a nearly 30% increase in profits last quarter.

JPMorgan Chase said profit rose 24% as bond-trading revenue climbed more than analysts estimated and expenses fell.

PNC’s fourth-quarter profit improved on higher lending to corporate customers for real estate and other loans.

HeritageWest and SouthWest Community CUs have both maintained their name and logo as divisions of Chartway FCU since they were acquired in 2010.

More than 420 FIs across the country offer Kasasa’s checking and savings account services.