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Market Intelligence:
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  • Credit unions
    Snowbird strategy: Michigan credit union buying Florida bank

    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.

    Ken McCarthy Author Image
    By Ken McCarthy
    Reporter
    December 14
  • Credit unions
    'We aren't being recognized': Workers' union bid at one financial institution

    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.

    By Frank Gargano and Polo Rocha
    December 13
  • Credit unions
    NCUA places tiny Indiana credit union into conservatorship

    Citing "unsafe and unsound practices," the National Credit Union Administration has temporarily taken charge of Richmond City Employees Federal Credit Union.

    Ken McCarthy Author Image
    By Ken McCarthy
    Reporter
    December 13
    NCUA HQ (2)
  • Credit unions
    NCUA permission for all-virtual annual meetings set to expire

    The National Credit Union Administration's emergency exemption allowing for remote board and membership meetings at federally chartered institutions is scheduled to lapse at year-end. The agency's chairman recommended hybrid meetings as an option that can satisfy traditional meeting requirements.

    By Frank Gargano
    Data Reporter
    December 9
    NCUA HQ (4)
  • Credit unions
    Remote work debate rages on at credit unions nearly three years into pandemic

    Many U.S. companies — including JPMorgan Chase, Morgan Stanley and Apple — have drawn attention for increasing pressure on employees to show up more at the office as COVID-19 concerns ebb. Some credit unions have taken similar steps, while others still insist a hybrid schedule is better for recruitment.

    Ken McCarthy Author Image
    By Ken McCarthy
    Reporter
    December 9
    Greg Mitchell, president and CEO of First Tech Fed; Navy Federal's Britt Bloch; Pinnacle CU's CEO Matt Selke
  • Credit unions
    Skyla Credit Union expanding to California, Virginia through merger

    Skyla Credit Union in Charlotte, North Carolina, plans to add 9,600 members and $265 million of assets through its deal with Parsons Federal Credit Union.

    Ken McCarthy Author Image
    By Ken McCarthy
    Reporter
    December 7
    Charlotte North Carolina skyline
  • Credit unions
    Iowa credit union buying community bank to enter Minnesota

    Veridian Credit Union's deal for American Investors Bank and Mortgage is the 12th this year in which a credit union would acquire a bank.

    Ken McCarthy Author Image
    By Ken McCarthy
    Reporter
    December 6
  • Credit unions
    Banks, credit unions respond to attack on power grid in North Carolina

    Roughly 40,000 residents of Moore County have been left without power since Saturday, when gunfire damaged two substations. Financial institutions are urging residents to use online banking and call centers if they do not have access to a branch.

    By Frank Gargano
    Data Reporter
    December 5
    Power lineman repairing pole
  • Credit unions
    NorState Federal Credit Union's first female CEO to retire

    Susan Whitehead is stepping down after nearly 10 years as the Maine credit union's chief executive. A successor has not been named.

    Ken McCarthy Author Image
    By Ken McCarthy
    Reporter
    December 5
  • Credit unions
    Yonkers Postal Employees Credit Union hit with cease-and-desist order

    The National Credit Union Administration order says the small credit union must address "supervisory concerns" by conducting certain auditing and fraud reviews and taking other corrective steps.

    Ken McCarthy Author Image
    By Ken McCarthy
    Reporter
    December 2
    NCUA HQ (2)
  • Credit unions
    New CEOs named at four credit unions

    Small credit unions in Texas, Virginia, South Carolina and Florida have selected new leaders to succeed retiring executives or fill a vacancy.

    Ken McCarthy Author Image
    By Ken McCarthy
    Reporter
    December 2
  • Credit unions
    Credit unions' Ukrainian aid campaigns focus on farming, technology

    The Worldwide Foundation for Credit Unions' Fuel Disbursement Program provided more than 160 farmers with roughly 17,000 gallons of pre-paid fuel. Other groups are supplying computers and printers to help the country's domestic credit unions remain operational.

    By Frank Gargano
    Data Reporter
    December 1
  • Credit unions
    Peach State merging with two South Carolina credit unions

    Peach State Federal Credit Union in Lawrenceville, Georgia, is merging with Abbeville Community Federal Credit Union in Abbeville and Pickens Federal Credit Union in Pickens.

    Ken McCarthy Author Image
    By Ken McCarthy
    Reporter
    December 1
    Georgia_sign
  • Credit unions
    CEO of First U.S. Community Credit Union in California to retire

    Carol Hauck will leave the role in the first quarter of 2023. The Sacramento, California-based company said it hired D. Hilton Associates to conduct a nationwide search for its next leader.

    Ken McCarthy Author Image
    By Ken McCarthy
    Reporter
    December 1
  • Industry News
    Top banking news this month: November 2022

    In this month's roundup of American Banker's favorite stories: the National Credit Union Administration sets its focus on liquidity risk for 2023, an exclusive fireside chat with Venus Williams on pay equity, the Consumer Financial Protection Bureau's funding comes into question and more.

    By Frank Gargano
    Data Reporter
    November 30
    WICU 2022 cover slide
  • Credit unions
    CEO of TopLine Financial Credit Union in Minnesota to retire

    Tom Smith will step down as president and chief executive in May 2023. Smith joined the credit union in 2008 as chief lending officer.

    By Frank Gargano
    Data Reporter
    November 29
  • Credit unions
    NCUA approves fourth federal charter of 2022

    The Morning Star Federal Credit Union in Montana is expected to begin operations sometime in 2023, according to the National Credit Union Administration.

    By Frank Gargano
    Data Reporter
    November 28
    NCUA HQ (2)
  • Credit unions
    Sikorsky Financial Credit Union to merge with small Connecticut peer

    The $1.1 billion-asset Sikorsky Financial would combine with Bridgeport City Employees Federal Credit Union, which has $32 million of assets.

    Ken McCarthy Author Image
    By Ken McCarthy
    Reporter
    November 23
    Connecticut state flag
  • Credit unions
    Credit Union Executives Society CEO John Pembroke dies

    Pembroke, who had led the association since 2015, died Monday at age 55. Jerry Saalsaa, the organization's senior vice president and chief administrative officer, has been interim CEO since July and will continue in that role.

    Ken McCarthy Author Image
    By Ken McCarthy
    Reporter
    November 23
    John Pembroke, CUES
  • Credit unions
    Credit unions' student lending gets back on track

    Despite stiff competition, compounded with confusion surrounding President Biden's loan forgiveness program, credit unions managed to bring their student-loan portfolios back from pandemic lows.

    Ken McCarthy Author Image
    By Ken McCarthy
    Reporter
    November 22
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23RD ANNUAL THE MOST POWERFUL WOMEN IN BANKING

Meet The Most Powerful Women in Banking 2025, our annual ranking of the executives at the pinnacle of the industry.

ABM1025_Cover.jpg

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© 2026 Arizent. All rights reserved.