Credit unions

The San Jose, California-based credit union completed its first out-of-state expansion with a virtual branch in Idaho's tech hub, to be followed soon by a brick-and-mortar location.

U.S. Bank's new M&A closing date, and new rewards card, and more in banking news this week.

Linh Dang will step into the president and chief executive roles at floridacentral Credit Union on Nov. 1.

Overdue loans for U.S. credit unions hit 0.42% in June — the lowest level in the industry's history. But some warn of deteriorating credit quality as the economy sours.

The National Credit Union Administration's proposal increases spending by 8.1% from 2022, which agency officials say is still an improvement from the previously approved 12.3% hike.

David Deborde has been named president and chief executive, taking over for his mother, Cheryl, who is retiring.

A board member of the National Credit Union Administration urges vigilance against threats that many institutions ignore at their peril.

Since 1982, the Small Business Administration's 7(a) program has been restricted almost entirely to banks and credit unions. A proposed rule would open it to fintech lenders.