Credit unions

Thanksgiving may have already passed, but there's still plenty of room for gratitude in member communications.

Credit quality has remained strong at credit unions, but there are hints that some of them — especially the smallest ones — could report lackluster earnings well into next year, according to the National Credit Union Administration's latest intel on industrywide finances.

This could be the final opportunity for Congress to extend a pair of key measures for credit unions that took effect earlier this year.

Thousands of institutions could lose a safety net on New Year's Day if Congress fails to act before leaving for the holidays.

Acquirers shelved plans to buy banks this year as the coronavirus became widespread, but a combination of factors could spur the confidence to restart those conversations in the months ahead.

New analysis from S&P shows credit unions near $1 billion of assets and above continuing to dominate the industry's performance in the Paycheck Protection Program as some CUs dedicate a substantial portion of their portfolios to the effort.

Members of tiny Gloucester Municipal CU are set to vote early next year on whether to join Metro Credit Union.

Fran Godfrey, who has spent more than 35 years at the Michigan-based institution, will step down at the end of January.

CEO James Schenck says the institution's military focus means it must provide services for a group of consumers who move every few years. That has helped it focus more on mobile services and less on brick and mortar.