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Market Intelligence:
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  • Credit unions
    VyStar Credit Union calls off purchase of Heritage Southeast Bank

    VyStar's deal for the $1.7 billion-asset Georgia bank, the largest bank to agree to be sold to a credit union, was terminated after numerous delays and difficulties in obtaining regulatory approval.

    By Frank Gargano
    Data Reporter
    June 15
    VyStar Credit Union branch Orange City Florida
  • Credit unions
    Used-car loans lead credit union lending surge

    Credit unions enjoyed especially strong loan demand from car buyers — helping to push overall loan growth to twice the rate of what banks saw in the first quarter — following a lull stemming from pandemic-era setbacks.

    By Ken McCarthy and Jim Dobbs
    June 15
  • Credit unions
    BECU chief executive retiring at end of 2022

    Benson Porter will conclude more than 10 years at the helm of BECU, the fourth-largest credit union in the country.

    By Frank Gargano
    Data Reporter
    June 14
    Benson Porter, BECU
  • Regulation and compliance
    CFPB seeks input on customer service issues at large banks, credit unions

    Consumer Financial Protection Bureau Director Rohit Chopra wants to determine if people are able to get prompt responses from the 175 banks and credit unions with more than $10 billion of assets.

    berry-kate126x126.jpg
    By Kate Berry
    Reporter
    June 14
    CFPB entrance
  • Credit unions
    CEO of Discovery Federal Credit Union in Pennsylvania to retire

    Edwin L. Williams, who has been at the helm since 1997, will step down as president and chief executive at the end of the year.

    By Frank Gargano
    Data Reporter
    June 14
  • Credit unions
    When will depositors start shopping for higher rates?

    With household expenses and borrowing costs spiking, banks are bracing for depositors to demand more interest. The only question is how much longer bankers can hold out.

    By Jim Dobbs and Ken McCarthy
    June 13
    First Fed Bank
  • Credit unions
    Hoosier Hills, Dearborn County credit unions in Indiana merging

    The smaller credit union, Dearborn County, sought a merger partner as a way to address its aging technology and shrinking membership pool.

    By Victoria Zhuang
    Reporter
    June 13
  • Credit unions
    More than 60% of credit unions at risk for climate-related losses: Report

    Accounting for roughly $1.2 trillion of assets, many credit unions are physically and financially endangered by climate change, according to a new study.

    By Victoria Zhuang and Frank Gargano
    June 13
  • Credit unions
    NCUA Chairman Todd Harper gets Senate confirmation for a full term

    Harper, who was initially chosen to replace Debbie Matz as chair after her retirement, will lead the National Credit Union Administration until 2027.

    By Frank Gargano
    Data Reporter
    June 9
    NCUA Chairman Todd Harper
  • Credit unions
    How a New Jersey de novo will tailor services for LGBTQ members

    The nonprofit First Step Alliance is working to launch Diverge Federal Credit Union, which plans to offer loans to cover the costs of gender affirmation surgery for individuals and adoption for same-sex couples.

    Ken McCarthy Author Image
    By Ken McCarthy
    Reporter
    June 9
    Nancy Elden, First Step
  • Credit unions
    What’s in a name? A credit union's LGBTQ program finds a wider audience

    The products MSU Federal Credit Union in Michigan is developing for transgender and nonbinary members also appeal to international and indigenous people, who often go by names that don't match their birth certificates.

    By Frank Gargano
    Data Reporter
    June 8
    Pride cards
  • Credit unions
    Two Virginia credit unions to merge ahead of CEO retirement

    Arlington Community Federal Credit Union is combining with InFirst FCU, whose chief executive is retiring at the end of this year.

    By Frank Gargano
    Data Reporter
    June 7
  • Credit unions
    CEO of Rhode Island’s largest credit union to retire

    Gary Furtado will retire from his position as president and CEO of Navigant Credit Union, a position he has held since 1987, by the end of the year.

    Ken McCarthy Author Image
    By Ken McCarthy
    Reporter
    June 7
  • Credit unions
    CEO of Sharonview Federal Credit Union in South Carolina to retire

    Bill Partin will step down on Dec. 31, having spent nearly 10 years as Sharonview’s president and chief executive.

    By Frank Gargano
    Data Reporter
    June 6
  • Credit unions
    Lebanon Federal Credit Union in Pennsylvania names new CEO

    The credit union has promoted Daniel Wolford to be its president and CEO. He succeeds Jeffery Trickett, who recently retired.

    Ken McCarthy Author Image
    By Ken McCarthy
    Reporter
    June 6
  • Credit unions
    Longtime CEO of Upward Credit Union in California to retire

    Linda White, who has led Upward for more than 24 years, will step down Sept. 1.

    By Frank Gargano
    Data Reporter
    June 3
  • Credit unions
    Credit Union 1, NuMark Credit Union buying Illinois banks

    Credit Union 1 and NuMark Credit Union have separately struck deals to build a presence in and around Chicago through the acquisition of community banks.

    By Ken McCarthy and Frank Gargano
    June 3
    Chicago bean
  • Credit unions
    Tennessee ruling on credit union-bank deal sets tone for other states

    Davidson County Chancery Court Judge Patricia Moskal ruled that Orion Federal Credit Union’s acquisition of Financial Federal Bank is legal under Tennessee law. The decision provides a road map for courts in other states to follow for similar M&A deals.

    Ken McCarthy Author Image
    By Ken McCarthy
    Reporter
    June 2
    Tennessee welcome sign
  • Credit unions
    First City Credit Union in California hires new CEO

    First City Credit Union in Altadena, California, named Nav Khanna president and chief executive. He was most recently executive vice president and chief operating officer at Travis Credit Union in Vacaville, California.

    Ken McCarthy Author Image
    By Ken McCarthy
    Reporter
    June 1
  • Credit unions
    TruMark Financial Credit Union in Pennsylvania names new CEO

    Kelly Botti will succeed longtime chief executive Rick Stipa effective Aug. 1.

    By Frank Gargano
    Data Reporter
    May 31
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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.

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© 2026 Arizent. All rights reserved.