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Market Intelligence:
AI
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Research
  • Credit unions
    Michigan State University Federal Credit Union reacts to on-campus shooting

    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.

    By Frank Gargano
    Data Reporter
    February 15
    Michigan State University sign
  • Credit unions
    Meriwest Credit Union promotes chief operating officer to CEO

    The San Jose credit union elevated Lisa Pesta, who joined the company in 2000, to replace the retiring Julie Kirsch.

    Ken McCarthy Author Image
    By Ken McCarthy
    Reporter
    February 15
  • Credit unions
    Why credit unions are charging more than banks for auto loans

    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.

    Ken McCarthy Author Image
    By Ken McCarthy
    Reporter
    February 14
  • Credit unions
    Banking on sisterhood: A Black sorority launches a credit union

    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.

    By Frank Gargano
    Data Reporter
    February 13
    Chicago elevated trains
  • Credit unions
    Red Rocks Credit Union in Colorado names new CEO

    Darius Wise was tapped to become the credit union's chief executive in full, after holding the role of interim CEO since May 2022.

    By Frank Gargano
    Data Reporter
    February 10
  • Credit unions
    Truity Credit Union in Oklahoma hires new CEO

    Aaron Beldner replaces Dennis Halpin, who retired last month.

    Ken McCarthy Author Image
    By Ken McCarthy
    Reporter
    February 10
  • Credit unions
    NCUA's first 2023 charter goes to social justice-focused credit union

    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.

    By Frank Gargano
    Data Reporter
    February 9
    NCUA HQ (4)
  • Credit unions
    Patriot Federal Credit Union in Pennsylvania names new CEO

    Ronald Celaschi will succeed Brad Warner, who announced his intention to retire last year.

    By Frank Gargano
    Data Reporter
    February 9
  • Credit unions
    Suncoast sets sights on Orlando expansion

    The 10th largest credit union in the U.S. is expanding its Florida footprint to Orlando.

    Ken McCarthy Author Image
    By Ken McCarthy
    Reporter
    February 9
    SCU Admin 2.jpg
  • Credit unions
    Longtime State Department Federal Credit Union CEO to retire

    After 20 years at the helm, Jan Roche will step down from the company's top job this summer.

    Ken McCarthy Author Image
    By Ken McCarthy
    Reporter
    February 9
    Washington, D.C.
  • Credit unions
    Lake Michigan Credit Union fires employee who formed labor union

    Ivan Diaz, a former member service representative who led the unionization campaign for staff of the South Division Avenue branch last year, was fired on Feb. 1. He alleges his role in the campaign is the true cause of his dismissal.

    By Frank Gargano
    Data Reporter
    February 8
    LMCU_Workers_Alliance.jpg
  • Credit unions
    Coastal Credit Union hires industry veteran to be next CEO

    The Raleigh, North Carolina-based Coastal hired Tyler Grodi to be its new chief executive effective April 1.

    Ken McCarthy Author Image
    By Ken McCarthy
    Reporter
    February 8
  • Credit unions
    Amid fears of recession, credit unions predict strong lending in 2023

    This year likely won't match 2022's heights, but executives expect loan growth to remain solid.

    Ken McCarthy Author Image
    By Ken McCarthy
    Reporter
    February 7
  • Credit unions
    Bipartisan bill on credit union governance clears first hurdle

    The House of Representatives approved a bill that would amend the Federal Credit Union Act to halve the number of board meetings many credit unions would have to conduct each year.

    By Frank Gargano
    Data Reporter
    February 3
    The U.S. Capitol Building in Washington.
  • Credit unions
    Banks, credit unions battle it out in upstate South Carolina

    Greenville, in particular, is attracting financial institutions enticed by its growing population and healthy business climate.

    Ken McCarthy Author Image
    By Ken McCarthy
    Reporter
    February 3
  • Credit unions
    TrueCore Federal Credit Union in Ohio names new CEO

    Jason Hall is taking over for Jay Young, who announced his retirement in 2021.

    By Frank Gargano
    Data Reporter
    February 2
  • Credit unions
    United Heritage in Texas names new chief executive

    The Austin-based credit union chose its chief strategy officer, Michael Ver Schuur, to be its next president and CEO.

    Ken McCarthy Author Image
    By Ken McCarthy
    Reporter
    February 2
  • Credit unions
    Small California credit union approved for major membership expansion

    Yolo Federal Credit Union has served only Yolo County, which has 221,000 residents, since 1954. It's now able to reach Sacramento County, which has 1.6 million people.

    Ken McCarthy Author Image
    By Ken McCarthy
    Reporter
    February 1
    Yolo FCU branch.jpg
  • Industry News
    Top banking news this month: January 2023

    In this month's roundup of American Banker's favorite stories: Development of central bank digital currencies gains momentum, ongoing lawsuits against JPMorgan Chase and PNC address the banks' liability and more.

    By Frank Gargano
    Data Reporter
    January 31
    Lawsuits against JPMorgan, PNC test banks' liability in wire fraud cases (Carter Pape)
  • Credit unions
    Chartway Credit Union forms CUSO to build fintech partnerships

    The Virginia Beach-based credit union recently launched Chartway Ventures to invest in fintechs and other organizations.

    Ken McCarthy Author Image
    By Ken McCarthy
    Reporter
    January 31
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