Practice management

A new study sponsored by CUNA Councils suggests that credit unions would be better served if human resources departments worked directly with C-suite executives.

GLENDALE, Calif. -- California Credit Union has formed a title insurance company to handle both residential and commercial title needs.

One look at the industry's C-suite makes it obvious that banks need to mirror demographic shifts far better and faster.

Lafayette Federal Credit Union, a $391-million institution based in Kensington, Md., said it plans to merge CSC Employees Federal Credit Union, a $77-million institution based in Falls Church, Va. into Lafayette FCU.

Rep. Paul Ryan’s expected election as House Speaker this week may ultimately prove a boon for the financial services industry – especially for critics of the Dodd-Frank Act and the current mortgage finance system.

Northrim BanCorp in Anchorage, Alaska, will give its chief executive the additional title of chairman, as its current chairman to plans to retire at year end.

First he was an heir apparent to Jamie Dimon at the biggest bank in the U.S. Then he came close to getting the top job at Barclays, a company older than the U.S. itself. Three years later, Jes Staley is the closest he's ever been to getting a big bank's chief executive officer seat.

Guardian Credit Union in West Milwaukee, Wis., has formed a partnership with five colleges to offer a tuition discount program.

Credit unions based in some of the slowest- and fastest-growing markets share the strategies they’re using to make the most of the environments in which they’re operating.

SunTrust Banks has promoted its Atlanta market leader to a new position in wholesale banking and has named its first woman executive to lead the Atlanta market.

The Division of Financial Services for the State of Colorado has approved an application by Sooper Credit Union to add Jefferson County, Colo., to its field of membership (FOM).

Though the financial crisis forced consumers to focus on socking money away for a rainy day, a recent study suggests that thrift effect is already fading, but credit unions are in a position to help turn that around and build member relationships in the process.

CIT also plans to sell peripheral businesses to simplify its structure, less than three months after the close of its $3.4 billion deal for OneWest Bank.

CUNA Mutual Group reports economic outlook is good news for credit unions.

Members of W-G FCU in Worcester, Mass., have voted to approve a merger with RTN Federal Credit Union in Waltham, Mass.

The League of Southeastern Credit Unions & Affiliates (LSCU) and the New York Credit Union Association (NYCUA) on Tuesday said they have signed a letter of intent to combine many of their operations into a jointly owned subsidiary that will house all of their back office functions.

From interest rate risk to C-suite and boardroom diversity to succession planning, community bankers need to be acutely tuned in to a combination of global and domestic factors that are changing their world at an unprecedented pace.

The online lender Enova International has hired an ex-HSBC executive as its chief operating officer.

Dollar Bank in Pittsburgh has named James McQuade its CEO-in-waiting. McQuade will succeed Robert Oeler on Nov. 1 as president of the $7.2 billion-asset mutual thrift, and then will become CEO some time next year, when Oeler retires from that position.

Industry stakeholders criticize the largest credit union trade group’s resistance to change.