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Like banks, credit unions seek growth in deposits, loans and other products. The starting point for many is to get more members in the door, executives say.
February 28 -
AlumniFi, built by Michigan State University Federal Credit Union and Nymbus, has partnered with fintechs to help its college-grad users improve their finances and pay down debt.
February 27 -
Employees at LMCU's Bonita Beach Road location in Florida announced their intent to organize to address claims of being overworked.
February 24 -
The Fort Wayne-based credit union hired David Shadburne to replace Greg Mohr, who is retiring.
February 24 -
Firms under $1 billion of assets that never had a chief risk or credit officer, for example, are creating these roles — and in some cases filling them with executives who were displaced by a merger at their last employer.
February 23 -
Centric Federal Credit Union, which previously covered only Ouachita and Lincoln parishes in north Louisiana, has received regulatory approval to add an additional 26 parishes and counties in its home state and neighboring Arkansas.
February 23 -
Derrick Bailey, the Ohio credit union's president, will become chief executive as expected. He will succeed Leslie Bumgarner, who announced her plans to retire last year, on July 1.
February 22 -
The Moon Township-based credit union promoted Lisa Florian, its senior vice president of experience, digital strategy and marketing, to replace Ron Celaschi, who is leaving to become CEO of Patriot Federal Credit Union in Chambersburg.
February 22 -
The National Credit Union Administration proposed a rule that would, among other changes, allow remote workers to join credit unions in their employer's market.
February 21 -
Community Financial Credit Union is partnering with the hosts of "Bargain Block" to renovate low-cost homes and help prospective buyers qualify for their first mortgage.
February 17 -
The National Credit Union Administration said 28 credit unions in North Dakota have failed to provide proof that they have a legal right to nearly $14 million related to the Corporate Stabilization Program.
February 17 -
The National Credit Union Administration board approved a rule that will require credit unions to notify the agency of a breach within 72 hours.
February 16 -
Andrew J. Mullins III succeeded Kelly Smith as president and CEO this month. Smith has been interim CEO since 2019.
February 16 -
After a shooting at its sponsoring university left three students dead and five in critical condition, MSU Federal Credit Union is providing mental health assistance to employees and has offered its support to the MSU community.
February 15 -
The San Jose credit union elevated Lisa Pesta, who joined the company in 2000, to replace the retiring Julie Kirsch.
February 15 -
Credit unions like to boast that they offer lower rates than banks, but many are bucking that trend to boost liquidity and offset other costs.
February 14 -
For Members Only Federal Credit Union in Chicago, which was founded by the African American sorority Alpha Kappa Alpha, is focused on helping members build generational wealth.
February 13 -
Darius Wise was tapped to become the credit union's chief executive in full, after holding the role of interim CEO since May 2022.
February 10 -
Aaron Beldner replaces Dennis Halpin, who retired last month.
February 10 -
The Chicago-based For Members Only Federal Credit Union's mission is "fundamental" to the mission of the industry, according to the National Credit Union Administration.
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