Credit unions

Patrick Totten plans to step down from his leadership position at the Florida institution after a successor is chosen.

Kinecta Federal and Hawaii State Federal are launching smaller, high-efficiency branches and creatively managing real estate to better meet members where they are as well as cater to a younger demographic.

Pete Gates, president and CEO of Michigan Schools and Government Credit Union in Clinton Township, Michigan, will retire at the end of 2022. The search has begun for his successor.

Precious Quire-McCloud will oversee the implementation and growth of the institution’s initiatives for diversity, equity and inclusion.

The combined entity would have close to $1.4 billion of assets and nearly 60,000 members.

DFCU Financial in Dearborn is acquiring the $689 million-asset First Citrus Bank, a subsidiary of First Citrus Bancorp. in Tampa.

The quartet have formed United Financials Capital, a credit union service organization that will allow its founders to fund larger loans than they would be able to individually.

FAFCU will add 12 new counties to its eligible areas of coverage after receiving the go ahead from the National Credit Union Administration.

Think Stack's purchase of Emergifi also brings it an equity stake in Corporate Central Credit Union, which founded the Milwaukee organization in 2017.

Rick Schmidt, who has been the credit union's chief executive since 2010, plans to step down in January.

After combining with Brazosport Teachers Federal Credit Union in Clute, Texas, Space City will become a $160 million-asset institution.

The founders of the Credit Union Women's Leadership Alliance are establishing workshops for networking and training with the hope of helping female leaders grow their organizations.

Delana Bolen, the new chief executive of Baylor Health Care System Credit Union, was most recently vice president of sales and support for Cornerstone Resources.

Multiple factors have slowed residential sales, tightening the market for home loans for banks and credit unions.

Tansley Stearns will succeed the organization's longtime chief executive Bill Lawton in June.

The New York credit union is using robotic process automation tech from Blue Prism to handle time-consuming tasks related to data entry, collections and other needs. This frees up its employees to focus on the organization's expansion.

Even "lifers" are considering new jobs as financial institutions bulk up to expand into new markets.

After failing to win funding for a direct-lending program last year, Small Business Administration chief Isabella Casillas Guzman says the agency continues to study the option because banks and credit unions are making fewer small-dollar 7(a) loans than several years ago.

On Dec. 31, 2021. Dollars in thousands.