Credit unions

The San Jose credit union elevated Lisa Pesta, who joined the company in 2000, to replace the retiring Julie Kirsch.

Credit unions like to boast that they offer lower rates than banks, but many are bucking that trend to boost liquidity and offset other costs.

For Members Only Federal Credit Union in Chicago, which was founded by the African American sorority Alpha Kappa Alpha, is focused on helping members build generational wealth.

Darius Wise was tapped to become the credit union's chief executive in full, after holding the role of interim CEO since May 2022.

Aaron Beldner replaces Dennis Halpin, who retired last month.

The Chicago-based For Members Only Federal Credit Union's mission is "fundamental" to the mission of the industry, according to the National Credit Union Administration.

Ronald Celaschi will succeed Brad Warner, who announced his intention to retire last year.

The 10th largest credit union in the U.S. is expanding its Florida footprint to Orlando.

After 20 years at the helm, Jan Roche will step down from the company's top job this summer.

Ivan Diaz, a former member service representative who led the unionization campaign for staff of the South Division Avenue branch last year, was fired on Feb. 1. He alleges his role in the campaign is the true cause of his dismissal.

The Raleigh, North Carolina-based Coastal hired Tyler Grodi to be its new chief executive effective April 1.

This year likely won't match 2022's heights, but executives expect loan growth to remain solid.

The House of Representatives approved a bill that would amend the Federal Credit Union Act to halve the number of board meetings many credit unions would have to conduct each year.

Greenville, in particular, is attracting financial institutions enticed by its growing population and healthy business climate.

Jason Hall is taking over for Jay Young, who announced his retirement in 2021.

The Austin-based credit union chose its chief strategy officer, Michael Ver Schuur, to be its next president and CEO.

Yolo Federal Credit Union has served only Yolo County, which has 221,000 residents, since 1954. It's now able to reach Sacramento County, which has 1.6 million people.

As companies downsize and restructure, American Banker is tracking these decisions to help our readers understand how their industries are adapting.

In this month's roundup of American Banker's favorite stories: Development of central bank digital currencies gains momentum, ongoing lawsuits against JPMorgan Chase and PNC address the banks' liability and more.

The Virginia Beach-based credit union recently launched Chartway Ventures to invest in fintechs and other organizations.