With an implementation deadline less than a year away, bankers will be pressed to detail how a new accounting rule for loan losses will affect reserves, earnings and capital.

A plan to join Deer Valley and Canyon State credit unions still needs approval from regulators and members of both institutions.

The Bedford, Ind.-based credit union distributed a $2.7 million dividend to members in recognition of a year that saw loan growth exceed 9%.

The San Jose, Calif.-based credit union decided to make the change because there were too many other financial institutions with a similar name.

The Houston-based institution said investments in financial technology have led to operational efficiencies that enabled it to return more than $263,000 to members.

The Delray Beach-based credit union entered into the deal as part of a broader expansion push along Florida's Treasure Coast.

Growth in the KeyStone State was close to or surpassed national averages across a number of fields.

The Los Angeles bank will take a $1.4 million hit to earnings after the multifamily properties sold for less than their book value.

The flagship division is on course to miss next year’s financial projections; Investors may be using SOFR swaps as a hedge against expected volatility.

Credit unions in Arkansas and Florida argue that allowing the industry to take deposits from cities and other public entities would help with funding and control for risk.

The Scarborough, Maine-based credit union also posted a more than 4 percent uptick in membership.

The Rhode Island-based institution also finished building a 27,000-square-foot operations center and branch.

Power Financial Credit Union's deal for TransCapital Bank marks the fourth time this year a bank has agreed to be sold to a credit union in the Sunshine State.

Andy Reed, who currently leads Texas People Federal Credit Union, will become president and CEO of the Dallas-based institution in May.

Members of Credit Union South, which has lost money during the past five years, voted to approve the merger.

The credit union saw a 50 percent increase in mortgage originations, which helped spur a significant spike in net income last year.

The Swiss bank’s CEO calls the trading environment “one of the worst in recent history”; 10,000 of German bank's U.S. employees fret over their future.

The $1.2 billion-asset institution has issued rewards payouts for nearly 40 years, but returns have gone down in each of the last few years.

The Saginaw, Mich.-based institution has yet to reveal the new name, though management indicated that it won't include a religious reference.

Credit unions in those two states also posted double-digit growth in total loans and recorded lower delinquency rates.