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Market Intelligence:
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Research
  • 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
  • Credit unions
    NCUA banned three former credit union employees in May

    The National Credit Union Administration barred three former credit union employees from participating in the affairs of any federally insured depository institution.

    Ken McCarthy Author Image
    By Ken McCarthy
    Reporter
    May 31
    ncua 2
  • Credit unions
    CEO of Fort Sill Federal Credit Union to retire

    Denise Floyd is retiring as the head of Fort Sill Federal Credit Union in Lawton, Oklahoma. The $365 million-asset credit union hired Cornerstone Resources to find its next leader.

    Ken McCarthy Author Image
    By Ken McCarthy
    Reporter
    May 31
  • Credit unions
    New bank, credit union diversity leaders share their top ideas

    Through the development of data-driven DEI benchmarks and increased dialogue with both multicultural staffers and customers, these executives are helping to cultivate more representative talent.

    By Frank Gargano
    Data Reporter
    May 31
  • Credit unions
    OUR Credit Union in Michigan names new CEO

    The $384 million-asset OUR Credit Union in Royal Oak, Michigan, hired Darren Cameron to replace the retiring Tina Dix as its new president and CEO.

    Ken McCarthy Author Image
    By Ken McCarthy
    Reporter
    May 27
  • Credit unions
    Florida credit union offers financial education from influencers

    TikTok and Instagram star Emily Zeck — aka That Pineapple Girl — is one of the young celebrities helping Community Credit Union Florida educate local high schoolers about how to handle money in the digital era.

    Mary Ellen Egan, senior editor of women's programs at American Banker
    By Mary Ellen Egan
    Senior Director, Strategy and Content, Live Media, American Banker
    May 27
    TikTok app and branding
  • Credit unions
    Financial inclusion bill could reignite credit union-bank conflict

    Bankers are not pleased with a new bill introduced by Maxine Waters, D-Calif. — aiming to help underserved markets — that would expand credit unions' membership and remove restrictions on their business lending.

    Ken McCarthy Author Image
    By Ken McCarthy
    Reporter
    May 26
    Maxine Waters September 2021
  • Credit unions
    CEO of Charlotte Metro Federal Credit Union retiring

    Bob Bruns, who has been with the North Carolina credit union for roughly 40 years, handed the reins to Eric Gelly on May 1.

    By Frank Gargano
    Data Reporter
    May 24
  • Credit unions
    Credit unions seek to attract new members amid a choppy economy

    Some U.S. credit unions are hopeful that rising employment and auto lending activity will bring consumers back, countering the effects of inflation and rate hikes that have weighed on growth.

    Ken McCarthy Author Image
    By Ken McCarthy
    Reporter
    May 23
    Deseret First Credit Union
  • Credit unions
    UVA Community Credit Union in Virginia names new CEO

    Susan M. Gruber succeeds longtime leader Alison DeTuncq.

    By Frank Gargano
    Data Reporter
    May 20
  • Credit unions
    Canadian credit unions seek a leg up through open banking

    In a nation dominated by six large banks, credit unions hope to build membership by taking advantage of the data-sharing rules that would allow them to broaden their reach through fintech partnerships.

    By Robin Arnfield
    May 20
    Jay-Ann Gilfoy, president and CEO of Meridian Credit Union
  • Credit unions
    CEO of Miami Firefighters Federal Credit Union to retire

    Patrick Totten plans to step down from his leadership position at the Florida institution after a successor is chosen.

    Ken McCarthy Author Image
    By Ken McCarthy
    Reporter
    May 19
  • Consumer banking
    How credit unions in California, Hawaii are rethinking branch models

    Kinecta Federal and Hawaii State Federal are launching smaller, high-efficiency branches and creatively managing real estate to better meet members where they are as well as cater to a younger demographic.

    By Frank Gargano
    Data Reporter
    May 18
  • Credit unions
    Longtime CEO of $3B Michigan credit union to retire at year’s end

    Pete Gates, president and CEO of Michigan Schools and Government Credit Union in Clinton Township, Michigan, will retire at the end of 2022. The search has begun for his successor.

    Ken McCarthy Author Image
    By Ken McCarthy
    Reporter
    May 18
  • Credit unions
    Truliant Federal Credit Union in North Carolina names diversity leader

    Precious Quire-McCloud will oversee the implementation and growth of the institution’s initiatives for diversity, equity and inclusion.

    By Frank Gargano
    Data Reporter
    May 13
    Precious Quire-McCloud, senior vice president, diversity, equity and inclusion (DEI) for Truliant Federal Credit Union
  • Credit unions
    First Florida, Jacksonville Postal and Professional Credit Union to merge

    The combined entity would have close to $1.4 billion of assets and nearly 60,000 members.

    By Frank Gargano
    Data Reporter
    May 12
  • Credit unions
    Credit union in Michigan to buy Florida bank in seventh such deal of 2022

    DFCU Financial in Dearborn is acquiring the $689 million-asset First Citrus Bank, a subsidiary of First Citrus Bancorp. in Tampa.

    Ken McCarthy Author Image
    By Ken McCarthy
    Reporter
    May 12
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