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From dealing with a flood of deposits to working with examiners virtually, credit unions were forced to quickly adapt to a new normal after the pandemic hit. Here's a look at some of the biggest changes and challenges they faced.
December 31 -
Fallout from the coronavirus pandemic consumed the industry this year, but other events, including a scandal at the National Credit Union Administration and a credit union under fire for lack of board diversity, also made waves.
December 29 -
A look back at a year in which little went according to plan for credit unions.
December 28 -
The Gainesville, Fla.-based credit union has converted from a federal to a state charter and will debut its new brand identity early next month.
December 11 -
The Washington, D.C.-based institution could see its membership grow by as much as 72% now that federal regulators have approved the move.
December 4 -
The credit union now has a community charter to serve seven counties in addition to several select employee groups.
December 1 -
Richard Yeager's promotion comes at a time of growth for the New York-based institution, including having recently been granted a field-of-membership expansion.
November 19 -
A group at George Washington University has been working to open a de novo institution to serve students, but the would-be institution faces a variety of hurdles before it can open its doors.
November 18 -
Muhlenberg Community Hospital CU said in a notice to members it needed a merger partner in part because it did not have the resources to keep up with monitoring for "cybersecurity and terrorism activities."
November 6 -
The Pittsburgh-based institution can now serve more than a dozen municipalities in the Keystone State.
November 4