Demographics

While many public policy initiatives focus on the 1.7 billion “unbanked,” we rarely hear about the nearly 1 billion people who do have a bank account and a smartphone but have no credit card nor cross-border-enabled debit, writes Eric Rosenthal, managing director of the Americas at Rapyd.

A number of credit unions across the country have made hires and announced promotions, including to their mortgage teams.

In a throwback to the movement's early days, a handful of CEOs are dually employed by their credit unions and the institution's sponsor organization.

The CEO earned a 15% pay increase after the company posted record profits.

Michael Athens was the Albuquerque, N.M.-based institution's vice president of operations before serving as interim president and CEO.

A number of credit unions, including Direct Federal Credit Union, have appointed new executives.

Management success isn’t about adopting the latest technology craze or exuding charisma, it’s about prioritizing employees and customers.

A former audit executive at Citi and Amex, Julie Scammahorn is replacing David Julian, who remains on administrative leave. She will join the bank in April.

Young consumers don't have long credit records, but they do make lots of recurring payments that can feed credit risk decisioning, according to Barrett Burns, president and CEO of VantageScore Solutions.

Large banks made appointments in key technology and niche lending roles, while leadership shifts are underway at several community banks.

The agency is exploring how to reopen small-dollar lending options for banks, but consumer groups are urging it to maintain pricing limits and other controls.

Shalonda Dawkins, who joined the Houston credit union earlier this month, has worked in the financial services industry for over 15 years.

Deonne Christensen, who was chief experience officer, had overseen the transition after the institution's previous CEO, Brandon Michaels, left.

Credit unions have recently named new executive officers while others have seen their leadership recognized with seats on community organizations.

Ken Bixby worked as an examiner for the federal regulator before joining the trade group in 1982.

Timothy Mayopoulos is back in the mortgage industry, becoming the new president of the digital mortgage technology developer Blend, months after leaving his post as Fannie Mae’s CEO.

Mark Sander, who has been with the company since 2011, succeeded Michael Schudder, who remains chairman and CEO.

Institutions across the country have announced new additions to their staffs and have recongized outstanding work by employees.

Scott Rose, who will join the Texas institution in February, has worked in the credit union industry for more than 25 years.

Kerry Parker, the Austin, Texas-based credit union's current CEO, expects to retire around midyear.