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Market Intelligence:
AI
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Industry Data
  • Credit unions
    National Association of State Credit Union Supervisors names CEO

    The trade group chose Brian Knight to succeed longtime leader Lucy Ito, who announced her retirement earlier this year.

    By Frank Gargano
    Data Reporter
    December 23
  • Payments
    Banks, credit unions urged to waive fees for Holocaust compensation

    There are more than 20,000 Holocaust survivors in the New York City area, and roughly a third of them are said to live in poverty. New York-chartered financial institutions should voluntarily waive transfer and processing charges on payments to reparations recipients, the state’s financial services regulator says.

    Laura Alix
    By Laura Alix
    Staff Writer
    December 22
  • Credit unions
    Florida credit union is fourth to receive a federal charter in 2021

    Unity of Eatonville Federal Credit Union will spend its first year focusing on auto lending and deposit services.

    By Frank Gargano
    Data Reporter
    December 21
    ncua 2
  • Industry News
    CEO of Consumers Credit Union in Michigan to retire

    Kit Snyder, who has led Consumers since 1983, will be succeeded by Scott Sylvester, the credit union's chief operations officer.

    By Frank Gargano
    Data Reporter
    December 21
  • Credit unions
    Avadian Credit Union buying Citizens State Bank in Alabama

    The acquisition would give Avadian, which is based in Birmingham, two more locations in its home state and increase its assets to approximately $1.2 billion.

    By Frank Gargano
    Data Reporter
    December 20
  • Credit unions
    Two Houston credit unions to merge

    The combination of First Service Credit Union and People’s Trust Credit Union would create an institution with over $1.3 billion of assets and more than 98,000 members.

    By Frank Gargano
    Data Reporter
    December 20
  • Credit unions
    CEO of Hanscom Federal Credit Union in Massachusetts to retire

    David S. Sprague, who has led Hanscom FCU since 1996, will become a member of the credit union’s board of directors after stepping down as chief executive.

    By Frank Gargano
    Data Reporter
    December 17
  • Credit unions
    Point Breeze Credit Union in Maryland names new CEO

    Tonia Niedzialkowski will succeed longtime CEO Bernie McLaughlin, who is set to retire in late January.

    By Frank Gargano
    Data Reporter
    December 17
  • Credit unions
    NCUA passes 2022-23 budget after reducing planned travel, hires

    The National Credit Union Administration set a lower target for business trips and additional staffing amid concerns stemming from the ongoing impact of the pandemic.

    By Frank Gargano
    Data Reporter
    December 16
    ncua 2
  • BankThink Regulators must root out bias in AI-based lending

    The use of artificial intelligence and machine learning in financial services, while promising, is not without risk. It's on federal regulators to ensure that algorithms relied on by banks and credit unions aren't harming businesses and consumers.

    December 15
    Jo Ann Barefoot
    Jo Ann Barefoot
    Alliance for Innovative Regulation
  • Credit unions
    Two Wisconsin credit unions to merge

    Dane County Credit Union and Heartland Credit Union, both in Madison, have long collaborated on local initiatives.

    By Frank Gargano
    Data Reporter
    December 14
  • Credit unions
    Pennsylvania credit union expanding into New Jersey with merger

    First Commonwealth Federal Credit Union will gain its first locations in the Garden State by combining with Baker Federal Credit Union.

    By Frank Gargano
    Data Reporter
    December 14
  • Industry News
    CEO of Vibe Credit Union in Michigan to retire

    Allan Kemp McMorris was previously CEO of Oakland County Credit Union. He joined Vibe when the two organizations merged in 2019.

    By Frank Gargano
    Data Reporter
    December 14
  • Politics and policy
    Credit union ads take aim at 'big-bank bullies.' Why now?

    The National Association of Federally-Insured Credit Unions' new campaign highlights $243 billion in fines slapped on Wall Street banks. The group says it's responding to political attacks, but the banking industry says NAFCU is trying to distract from criticism of its tax exemption.

    By Ken McCarthy and Jim Dobbs
    December 13
    NAFCU "big bank bullies" ad campaign
  • Mobile technology
    Redwood joins small club of credit unions issuing virtual cards

    Through its partnership with Visa, the California credit union lets members receive digital replacements for lost cards almost instantly and add digital cards to mobile wallets like Apple Pay.

    By Frank Gargano
    Data Reporter
    December 10
  • M&A
    Two South Dakota credit unions announce plan to merge

    The combined institution would have more than $280 million of assets and serve close to 20,000 members.

    By Frank Gargano
    Data Reporter
    December 9
  • Community banking
    'Just tired': Why so many bank, credit union CEOs are calling it quits

    Business and regulatory pressures were already weighing on aging executives before the onset of the pandemic led many to delay retirement plans. Now as the crisis eases, an increasing number are finally stepping down.

    Ken McCarthy Author Image
    By Ken McCarthy
    Reporter
    December 7
    John “Bernie” Winne, CEO of Boston Firefighters Credit Union; John Cassidy, outgoing CEO of Sierra Central Credit Union
  • Industry News
    Sandia Laboratory Federal Credit Union names new CEO

    Stephanie Sherrodd, who was most recently CEO of Texas Dow Employees Credit Union, will take the helm of the New Mexico credit union in January.

    By Frank Gargano
    Data Reporter
    December 6
    Stephanie Sherrodd, CEO Sandia Laboratory Federal Credit Union
  • Credit unions
    Michigan credit union expands its field of membership

    Cornerstone Community Financial Credit Union in Auburn Hills received approval from state regulators to enter new markets in its home state and in Ohio.

    By Frank Gargano
    Data Reporter
    December 2
  • Credit unions
    Heartland, Farmers credit unions in Kansas to merge

    The combination is a bid to offer members expanded access to financial services and a larger network of locations.

    By Frank Gargano
    Data Reporter
    December 2
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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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