Credit unions

The Springfield, Virginia, credit union named Scott Benson, its chief operating officer, to succeed Lynette Smith as chief executive.

Dean Marchessault will be succeeded by Senior Vice President Howard Brady at the East Hartford, Connecticut, credit union.

In letters to regulators and lawmakers, bankers and their trade groups argued that deals like Vystar Credit Union's proposed acquisition of a small Georgia bank could result in less community development lending and declines in federal tax receipts.

The credit union service organization's newest clients want it to build services such as cross-border payments and simpler bill pay.

Lindy Andry has been Ascentra Credit Union's interim president and CEO since November.

Both credit unions are based in Pittsfield, Massachusetts.

The credit union service organization's newest clients want it to build services such as cross-border payments and simpler bill pay.

The feature has become popular during the coronavirus pandemic, providing a quick and simple way for credit unions to confirm users' identities as well as promote products and services.

The National Credit Union Administration issued only one prohibition order in April.

Most executives are comfortable crossing over $1 billion of assets, where more frequent exams are the biggest supervisory change. But few are eager to take on the compliance burdens that accompany the jump above $10 billion.