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Heritage Southeast Bank in Georgia will become the latest community bank to stop paying federal taxes when it merges into VyStar Credit Union later this year. It's time for Congress to investigate this consolidation trend and its impact on taxpayers.
April 14 -
The South Carolina credit union has pivoted to an open-concept model that allows for social distancing, along with a walk-up window to serve members outside the branch if lobby access is restricted for any reason.
April 13 -
As the World Council of Credit Unions and its Worldwide Credit Union Foundation work to advance cooperative finance around the globe, one of the industry's biggest players has committed to matching donations up to $1 million.
April 13 -
The Michigan-based institution has positioned itself for additional growth by making it easier to qualify for membership.
April 13 -
As more states legalize online gambling, the credit union is preventing members from using their credit and debit cards on those sites. Others could follow its lead.
April 12 -
The Louisiana credit union holds just $3.5 million of assets and could not find a successor for its retiring chief executive.
April 12 -
Banking trade groups have called for congressional hearings following the Jacksonville, Fla.-based credit union's agreement to purchase the $1.6 billion-asset Heritage Southeast Bank, the largest deal of its kind to date.
April 12 -
Ann Dubie stepped down from the Joliet, Ill.-based credit union in March after 20 years at the helm.
April 9 -
Too many Americans lack a sound grounding in personal financial management, which limits their opportunity to build long-term financial independence.
April 9 -
Over half of all credit unions with less than $250 million of assets are run by women, but those institutions continue to be merged out of existence. A group of 13 women who lead such organizations have banded together in an effort to ensure their survival.
April 9