Demographics

Ann Goldinak will take the helm of the New Jersey-based credit union when John Culp retires in December.

Gail DeBoer has announced her plans to retire in early 2021 after more than three decades at the Nebraska-based institution.

While some institutions have held off on staffing up for new projects, many mission-critical positions at the executive level are still being filled. It may take until well into 2021 before normal patterns return.

Many credit unions offer youth accounts to help establish early banking relationships, but a new account for kids from the nation’s largest bank has raised the level of competition.

Andrea White, a former VP at Freedom National Bank, was named CEO of the Massachusetts-based credit union, the first time a woman has held that position.

The New York bank, which is conducting a search for its next leader, also said it expects to report strong third-quarter earnings.

The findings of a recent TD Bank survey suggest that targeting millennials for new credit cards will require surgical risk-management as the economy lurches toward an uneven recovery.

The industry can gain lifelong members in this demographic by validating their financial concerns as the economy struggles and offering guidance without judgment.

Harvest, a fintech founded by Nami Baral, has developed an alternative scoring method that amasses data on spending patterns, debt payments and even earnings potential to get a better sense of consumers' creditworthiness.

Barbara Mahoney, who joined the credit union in 2003 as a human resources executive, will take over after John O’Brien retires next month.