Credit unions

Credit unions and banks need to ask themselves if they're finding ways to say "yes" to consumers who too often hear "no" from mainstream institutions. Otherwise, they perpetuate a system that excludes the poor and people of color and drive them toward nonbanks, said Pablo DeFilippi of Inclusiv Network and other experts.

The Louisiana-based Barksdale has agreed to purchase HomeBank of Arkansas. It is the fourth deal involving the sale of a bank to a credit union in less than two weeks.

Tricia Szurgot is joining Securityplus from First Commonwealth Federal Credit Union in Pennsylvania.

The $837 million-asset Commerce State is one of the largest banks ever to agree to be sold to a credit union.

The credit union had been in the custody of the National Credit Union Administration since June 2020 to address concerns of unsafe and unsound business practices.

Just a few years ago, there was no organization for LGBTQ credit union executives and employees, nor was there anyone openly out on the stages of credit union conferences — until Linda Bodie, CEO of Element Federal Credit Union in West Virginia, asked them to make themselves known.

The National Credit Union Administration is following up on earlier disbursements totaling more than $1.8 billion to address the failure of four institutions in the wake of the financial crisis.

Robins Financial Credit Union is acquiring the $430 million-asset Persons Banking Co. The deal, announced Monday, comes less than a week after Georgia’s Own Credit Union in Atlanta said it is buying Vinings Bank in Smyrna.

The Credit Union National Association kicked off its first in-person governmental affairs conference in two years with members sharing concerns about data-privacy rules, cryptocurrency, prospects for industry growth and the potential economic fallout of war in Europe.

The Bethpage, New York, credit union plans to use the fintech’s risk models to improve loan decisioning.