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The Iowa-based bank says its two branches in Naples and Fort Myers were too small a presence to be competitive, so it decided to sell them to DFCU Financial.
September 25 -
Industry leaders cautioned the National Credit Union Administration against drafting new regulations to address the financial risks associated with climate change.
June 27 -
The category shifted into high gear during the first quarter, but experts predict a severe slowdown based on a growing number of economic concerns.
June 26 -
The state where the first U.S. credit union opened in 1909 reported fewer members in the first quarter compared to a year earlier, due in part to the competitive threat from banks.
June 20 -
Lake Trust Credit Union in Brighton, Michigan, works with a development agency in Lansing to provide entrepreneurs with the financial and educational support they need to go it alone.
June 16 -
For small credit unions, enlisting outside helps accelerate the development of new products — as long as all risks and regulations are properly addressed.
June 14 -
Total loans from credit unions increased by nearly 18%, driven in part by car dealerships rebuilding their inventory. Headwinds in the mortgage market also fueled interest in home equity loans.
June 14 -
Young people aging out of foster care don't often have the documents or relationships necessary to open an account. First Tech is making changes to address this all-too-common issue.
June 13 -
Genesee Co-op Federal Credit Union in Rochester implemented the labor agreement after more than 14 months of bargaining.
June 9 -
Local Government Federal Credit Union is postponing its separation from State Employees Credit Union, which has shared its technology and footprint for decades, to establish its own physical presence.
June 9 -
Workers at the former CUNA Mutual Group in Madison, Wisconsin, returned to work after securing tentative agreements on two of their five key demands.
June 5 -
U.S. banks lost 2.5% of their deposits during the first quarter while credit unions saw a 2.1% quarterly increase, according to an S&P Global Market Intelligence analysis. Aggressive marketing — and credit unions' relatively untarnished reputations — helped motivate the shift.
June 1 -
Banks across the country have had deposit guarantees since 1998. By extending this to credit unions, Ukraine can provide economic stability while also improving its chances of joining the European Union.
May 31 -
The National Credit Union Administration is seeking to amend its definition of a "qualified charity" under its framework, which currently excludes those that serve past and present members of the armed forces.
May 25 -
Two years after Illinois became one of several states to pass their own version of the federal Community Reinvestment Act, credit unions and banks continue to fight over whether the law is necessary and how strict the corresponding regulations should be.
May 24 -
Zest AI and Origence designed a new white-labeled product for institutions that lack the resources to develop a custom platform based on artificial intelligence.
May 22 -
Chicago has one of the largest unbanked populations in the country, so United Credit Union rolled out a loan program aimed at those people who would typically use a payday lender.
May 18 -
Roughly 450 organized staffers of the Madison, Wisconsin-based insurance provider are prepared to head to the picket line — unless mediators can find common ground by Friday.
May 17 -
F.N.B. Corp, the holding company for First National Bank, is making its second investment in the $13 million-asset Hill District Federal Credit Union.
May 17 -
Generations United Federal Credit Union's first president and CEO, John Linzey, expects to attract the very customers that banks might turn away if the economy sours.
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