Credit unions

The $3.4 billion-asset organization based in Phoenix said it would acquire 1st Bank Yuma in the record-setting 17th deal of 2024 involving a credit union buying a bank.

The top five credit unions on this list have more than $36 billion in unsecured card loans and lines of credit.

The top five credit unions have combined first mortgage loans and lines of credit of more than $104 billion as of June 30.

Digital Federal Credit Union and First Tech Federal Credit Union, among the largest in the country, originated from technology companies.

Democratic Gov. Gavin Newsom signed measures designed to bolster consumer protection rules. The bills target several issues that have also been percolating at the federal level.

ESL Federal Credit Union's plan to acquire Generations Bancorp marks the 16th deal this year in which a credit union plans to acquire a bank. While controversial, such transactions are swelling in number.

Overdraft fees continue to be in the spotlight, with the Consumer Financial Protection Bureau proposing a rule essentially to cap them. Certain credit unions are also now required to disclose additional information on this revenue stream.

St. Mary's Bank in New Hampshire tries to serve members as it has for 116 years, while dealing with today's cybersecurity and fraud concerns.

As member demand for installment payments increases, resource-strapped institutions are looking for outside help. Fintechs offer the service.