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The company has appointed President Gaye Erkan to its board of directors, potentially positioning her to replace longtime CEO James Herbert when he eventually retires.
February 14
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Wymar Federal Credit Union in Louisiana has also distributed a bonus to members.
February 14
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Banks may soon have to account for the effect of payment and online banking outages on their customers' bottom lines, writes Iris Zarecki, vice president of marketing at Continuity Software.
February 14
Continuity Software -
A MAPS Credit Union executive told the House Financial Services Committee her institution is proof credit unions and banks can safely serve the legal weed space.
February 13
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OceanFirst in New Jersey shuttered more than a third of its branches but says nearly all the customers stuck with the bank because it trained employees to show customers how to go digital.
February 12
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A number of credit unions across the country have made hires and announced promotions, including to their mortgage teams.
February 12
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The quest to implement a broadly accepted digital ID solution may take years, but Jumio is hoping to get headway with a new authentication service leveraging video selfies.
February 12 -
The automaker's finance arm joins Avant, OnDeck Capital and SoFi in the system, which is designed to help verify loan applicants' identities.
February 12
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Stephanie Sievers, who already has experience running two small credit unions, will take over at the $35 million-asset CU.
February 12
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Rheo Brouillard, the head of SI Financial, finally had a solid offer in hand after more than two years of searching for a buyer. But the resignation 10 days later of the man who made him that offer — Berkshire Hills’ Michael Daly — sent Brouillard scrambling.
February 12
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The Lee's Summit, Mo.-based institution has paid out $350,000 over the last five years to members.
February 12
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The credit union service organization said the value of its shares have jumped more than 300 percent over the last seven years.
February 11
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From expanding branch access in underserved areas to a cafe for kids and more, here's another look at credit union outreach efforts.
February 11
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Among the 2018 highlights for the Honolulu-based credit union were a 108% rise in net income.
February 11
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Boat sales have increased since the financial crisis, creating an opportunity for credit unions, but a number of risks mean institutions should tread carefully.
February 11
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The bank says it has restored access, but it hasn’t explained how a fire-suppression system at one facility could cause a nationwide outage across all of its channels, or how its system as a whole could have been left so vulnerable to the incident.
February 8
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As they continue to protest credit union mergers, banks are set to reap the benefits from a deal that will create an institution one-third the size of the entire CU industry.
February 8
America's Credit Unions -
Nine banks agreed to be sold to credit unions last year. Some industry observers believe that number could double this year.
February 8
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Maureen Genna will take over from retiring CEO Linda Levy, who gained notoriety when she sued the Trump administration.
February 8
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Michael Athens was the Albuquerque, N.M.-based institution's vice president of operations before serving as interim president and CEO.
February 8
