Demographics

Even with the FDIC actively encouraging groups to start banks, challenges like raising capital and low interest rates make it tough.

The Credit Union Executives Society recognized two leaders for their contributions to their own institutions and the movement as a whole while other credit unions announced promotions and new hires.

A combination of mutual and clashing interests has driven many players — credit unions, big banks, community banks and fintechs — to offer high-interest, digital-only savings and checking.

Sunil Chandra's job will be to guide the fintech's international expansion. It says 12 banks are using its small-business lending platform, including three in the United States.

A combination of mutual and clashing interests has driven many players — big banks, community banks, credit unions and fintechs — to offer high-interest, digital-only savings and checking.

The agency chairman's comments mark an unusual turn for an industry famous for its bipartisanship.

Many community banks are launching digital banks, more aggressively courting younger customers and abandoning the idea that only primary banking relationships are worthwhile.

With David Lucas retiring in November after nine years, industry veteran Edward Fox took the reins earlier this week.

The Jacksonville-based institution is the latest to join the Hispanic-outreach initiative which now serves more than 100 credit unions.

The West Bend, Wis.-based institution's new chief executive has been with the credit union for more than 15 years.

Riverview Credit Union in Ohio added three to its lending team while other institutions made new hires and promotions.

As the industry increases its attempts to diversify its ranks, just 81 out of more than 5,000 CUs completed the regulator’s self-assessment last year.

Linderman helped build Zions Bank into a retail force and shaped the multistate retail strategy of its parent company, but she will best be remembered for opening countless doors for women and minorities.

Julieann Thurlow says Reading Cooperative Bank in Massachusetts is well positioned to help immigrants and millennials. Technology is crucial to serving both groups, she says.

Incoming CEO Charles Scharf will remain in New York even though the bank's headquarters is in San Francisco. His hiring underscores the diminished importance of geographical proximity for executives at large banks.

Kelly Price, an executive vice president, will take over when Olan Jones Jr. retires on Jan. 1.

Surety's first online bank, booyah, is aimed at college students and young grads.

The Columbus, Ohio-based institution will promote Jarod Bach to president once Christine Leslie steps down.

A group of credit union employees and volunteers recently completed a National Credit Union Foundation training while other institutions snagged new talent.

Millennials hate bureaucracy but big banks aren't agile enough to meet the demand for fast service. That gives credit unions a big opening.