Credit unions

Firms under $1 billion of assets that never had a chief risk or credit officer, for example, are creating these roles — and in some cases filling them with executives who were displaced by a merger at their last employer.

Centric Federal Credit Union, which previously covered only Ouachita and Lincoln parishes in north Louisiana, has received regulatory approval to add an additional 26 parishes and counties in its home state and neighboring Arkansas.

Derrick Bailey, the Ohio credit union's president, will become chief executive as expected. He will succeed Leslie Bumgarner, who announced her plans to retire last year, on July 1.

The Moon Township-based credit union promoted Lisa Florian, its senior vice president of experience, digital strategy and marketing, to replace Ron Celaschi, who is leaving to become CEO of Patriot Federal Credit Union in Chambersburg.

The National Credit Union Administration proposed a rule that would, among other changes, allow remote workers to join credit unions in their employer's market.

Community Financial Credit Union is partnering with the hosts of "Bargain Block" to renovate low-cost homes and help prospective buyers qualify for their first mortgage.

Federal Home Loan Bank of Chicago has a new CFO, while Visa's CFO plans for retirement. These stories and more in banking news this week.

The National Credit Union Administration said 28 credit unions in North Dakota have failed to provide proof that they have a legal right to nearly $14 million related to the Corporate Stabilization Program.

The National Credit Union Administration board approved a rule that will require credit unions to notify the agency of a breach within 72 hours.

Andrew J. Mullins III succeeded Kelly Smith as president and CEO this month. Smith has been interim CEO since 2019.