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Dean Marchessault will be succeeded by Senior Vice President Howard Brady at the East Hartford, Connecticut, credit union.
May 17 -
In letters to regulators and lawmakers, bankers and their trade groups argued that deals like Vystar Credit Union's proposed acquisition of a small Georgia bank could result in less community development lending and declines in federal tax receipts.
May 14 -
The credit union service organization's newest clients want it to build services such as cross-border payments and simpler bill pay.
May 11
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Lindy Andry has been Ascentra Credit Union's interim president and CEO since November.
May 11
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Both credit unions are based in Pittsfield, Massachusetts.
May 11 -
The credit union service organization's newest clients want it to build services such as cross-border payments and simpler bill pay.
May 11 -
The feature has become popular during the coronavirus pandemic, providing a quick and simple way for credit unions to confirm users' identities as well as promote products and services.
May 10
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The National Credit Union Administration issued only one prohibition order in April.
May 10 -
Most executives are comfortable crossing over $1 billion of assets, where more frequent exams are the biggest supervisory change. But few are eager to take on the compliance burdens that accompany the jump above $10 billion.
May 5
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The National Credit Union Administration approved the creation of Maun Federal Credit Union, which will serve members of the state's Islamic community.
May 5 -
The National Association of State Credit Union Supervisors has started a national search to replace President and CEO Lucy Ito.
May 4 -
On Dec. 31, 2020. Dollars in thousands.
May 3 -
On Dec. 31, 2020. Dollars in thousands.
May 3 -
On Dec. 31, 2020. Dollars in thousands.
May 3 -
The state's Department of Financial and Professional Regulation will reduce assessments by 61% this year because of overpayments in 2020, helping state-chartered credit unions deal with economic fallout from the pandemic.
April 30
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Larissa Thurston, who will also become the Massachusetts credit union's president, will succeed James Garvey, who is retiring.
April 29
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The SAFE Banking Act would protect credit unions and banks that serve legal marijuana businesses from prosecution, but anti-money-laundering compliance will always be arduous, says Sundie Seefried, the head of a new company that helps credit unions work with cannabis firms.
April 27
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On Dec. 31, 2020. Dollars in thousands.
April 26 -
On Dec. 31, 2020. Dollars in thousands.
April 26 -
On Dec. 31, 2020. Dollars in thousands.
April 26
