Credit unions

Jay Champion had been chief executive of the $2.2 billion-asset company since late 2018.

Michigan State University Federal Credit Union is partnering with Debbie, a Miami-based fintech that helps consumers break free of delinquency and correct bad spending habits, to strengthen its financial education tools and build its deposit base.

Sens. Mark R. Warner, D-Va., and Mike Crapo, R-Idaho have reintroduced a bill that would deploy roughly $100 million in aid through the Community Development Financial Institution Fund to back pilot programs that would foster secondary markets for loan sales.

State legislators plan to allow credit unions to serve more people below the poverty line, including those living in banking deserts, but the state's banks say the credit unions could use the legislation to dodge field-of-membership limits.

CEO of Global Payments to step down, Raisin names a new U.S. CEO, TopLine Financial Credit Union in Minnesota names new CEO and more in this week's banking news roundup.

It's clear that credit unions buying community banks is bad for businesses, bad for communities and bad for government tax revenue.

Kaua'i Federal Credit Union in Lihue is launching an "economic resiliency center" for members in the Kapa'a community. It hopes to support minority-owned businesses throughout the area by providing access to housing resources and other funding.