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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
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BB&T is buying SunTrust Banks, creating a $442 billion-asset institution. Credit unions are hopeful the mega merger will present an opening to pick up new business.
February 8
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BB&T and SunTrust would be able to go toe to toe with the industry's heavyweights.
February 7
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The Lake Mary, Fla.-based shop will also convert to a state charter and plans to drop the phase "credit union" from its name.
February 7
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A number of credit unions, including Direct Federal Credit Union, have appointed new executives.
February 7
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Customers reported being unable to access online banking, mobile banking or their debit cards.
February 7
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Management success isn’t about adopting the latest technology craze or exuding charisma, it’s about prioritizing employees and customers.
February 7
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The industry's largest acquisition in more than a decade will create the sixth-biggest bank in the country, with assets of more than $442 billion.
February 7
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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.
February 6
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John Asbury says his Virginia bank, soon to be renamed Atlantic Union Bank, could eventually stretch from Charlotte, N.C., to Baltimore and take on the big players that dominate those markets.
February 6
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The Albany, N.Y.-based credit union has already named a successor for when CEO Paula Stopera retires in May.
February 6
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The company will gain four branches in Athens, Ga., with the $52 million acquisition.
February 6
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Fintechs and payment startups are creating a range of solutions to SME financing, from crowdlending and invoice-backed factoring to digitalization and formalization of business processes, according to OmniBnk's Andrés Abumohor.
February 6
OmniBnk -
Tim Green is taking over at the California-based credit union following the retirement of longtime CEO Richard Andrews.
February 5
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The Durango-based institution has brought in outside help to find its next top execuive.
February 4
