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Land of Lincoln Credit Union in Decatur has agreed to acquire Colchester State Bank in Colchester.
January 4 -
Roxane Bowering succeeded Andrea Thune as the next president and chief executive of the New York credit union.
January 3 -
In this month's roundup of American Banker's favorite stories: a deep-dive into how 2022 accelerated the decline of overdraft fees, Zelle's plan for addressing fraudulent transactions, the National Credit Union Administration opens the doors for fintech and credit union partnerships for lending and more.
December 30 -
Telhio Credit Union in Ohio hopes to help contractors verify their earnings when applying for loans and other financial services.
December 29 -
Executive coaching programs and specialized employee resource groups have helped financial institutions broaden their available pools of talent and ensure more representation throughout all levels of management.
December 28 -
Commercial loans at federally insured credit unions increased 25% to $132.2 billion in the third quarter of 2022, even though many institutions are facing a tough job market. Their answer is to find strong candidates within their own ranks.
December 27 -
The credit union hired Janell Upton to succeed Chaz Rzewnicki, who left to become CEO of Vibe Credit Union in Michigan.
December 22 -
Credit unions announced 15 deals for banks in 2022, surpassing 2021's total — with much of the momentum coming late in the year.
December 22 -
The interim chief executive, Mark Wilburn, has been with Truity more than 25 years. The outgoing CEO, Dennis Halpin, plans to retire in January.
December 21 -
Rivertown Community Federal Credit Union and Allegan Credit Union in Michigan will join forces in January under their shared boss, Kris Lewis.
December 21 -
Alabama One said the deal for First Bank of Wadley, a subsidiary of Peoples Independent Bancshares in Boaz, Alabama, would expand its footprint in the eastern part of the state.
December 20 -
Dan Clarke succeeds Rachel Caron, who was CEO of the $256.4 million-asset organization for 12 years before retiring in June.
December 19 -
Financial institutions have launched tailored relief campaigns to help refugees begin rebuilding their lives.
December 19 -
In the third CU-bank deal announced in the past 10 days, LGE Community Credit Union in Atlanta would acquire Greater Community Bank in Rome, Georgia.
December 16 -
The National Credit Union Administration's spending frameworks were scaled back in certain areas in response to feedback from industry groups.
December 15 -
The National Credit Union Administration board voted Thursday to advance a proposed rule that would loosen existing regulations and allow credit unions to purchase member loans from fintechs.
December 15 -
Ryan McIntyre will become president and CEO of Empower Federal Credit Union in Syracuse, New York, on Jan 3. He was most recently chief strategy officer at VyStar Credit Union and worked at Regions Bank for 15 years.
December 15 -
Dort Financial Credit Union in Grand Blanc, Michigan, has agreed to buy Flagler Bank in South Florida. The deal would allow Dort "to better serve our members who spend winters in Florida," its CEO says.
December 14 -
Employees of a Lake Michigan Credit Union branch say they're fighting to organize after upper management failed to respond to their complaints about pay disparity, COVID-19 benefits and more.
December 13 -
Citing "unsafe and unsound practices," the National Credit Union Administration has temporarily taken charge of Richmond City Employees Federal Credit Union.
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