Corporate governance

Larry Mazza, MVB’s chief executive, joined the board at BillGO.

Housatonic Teachers will operate under its existing name as “a division of Nutmeg State Financial CU” for the duration of 2017.

There is optimism that consolidation could bounce back from a lackluster 2016 as bank stocks rally. At the same time, expectations of regulatory easing and tax reform could entice more banks to stay independent, at least in the short term.

As the new Congress and administration take shape, the credit union trade association is ramping up lobbying efforts even as it celebrates a major milestone.

F.N.B., Iberiabank and Simmons First are among the banks entering new regions. A growing need for scale and increased use of technology are among the reasons for their aggressive moves.

Regions Financial in Birmingham has named José S. Suquet, the president and CEO at Pan-American Life Insurance in New Orleans, to its board of directors.

Joseph Campanelli has run large publicly traded companies such as Sovereign Bancorp and Flagstar, but he seems more energized after agreeing to become CEO of Needham Bank, a depositor-owned mutual in Massachusetts.

Oklahoma City, Okla.-based True Sky Credit Union on Thursday said it gave 2016 year-end rebates and bonuses totaling $359,000 to more than 50,000 members.

Cape Breton CU was created as a result of two CUs joining forces. The new institution currently serves approximately 5,800 members.

NCUA is also accepting nominations for consulting during the second half of 2017.

This is the 21st consecutive year the credit union has paid dividends back to members.

The credit union has rewarded nearly $3 million in patronage dividends to members since 2005.

The Juntos Avanzamos Hispanic outreach program continues its expansion across the United States, adding two credit unions in Colorado in the fourth quarter of 2016.

The credit union has returned more than $1.75 million to members over the last seven years.

The credit union has returned a share of its profits to members each year since 1980.

Christopher Credit Union in Chesaning, Mich., merged on Jan. 1 with United FCU of Saginaw following a November vote by CCU's membership that garnered 100% approval.

The acquisition is one of several mergers PenFed has made in the last year.

The credit union has returned more than $50 million in "Relationship Rewards" to members since the program was put in place in 2013.

The $3.4 million dividend was the biggest payout in the credit union's history.

2016 will go down as another wildly successful year for credit unions, but it wasn't without its challenges.