Practice management

NCUA announced it has approved a charter for Redeemer Federal Credit Union, making it the fourth new federally chartered credit union of 2015.

Bank of America shareholders should vote to separate the chief executive and chairman roles currently held by Brian Moynihan, CtW Investment Group said.

MADISON, Wis. — CUNA on Wednesday announced the four recipients of the 2015 Community Credit Union of the Year Award.

Avadian Credit Union in Birmingham, Ala., has agreed to buy American Bank of Huntsville in Alabama.

Poage Bankshares in Ashland, Ky., has promoted its bank president to chief executive, following the resignation of Ralph "Gene" Coffman.

Algonquin State Bank in Illinois has promoted several employees in a revamping of executive management.

The Mountain West Credit Union Foundation in Denver has consolidated several programs into a single center for leadership development.

Credit Unions for Kids is inviting CUs across the United States to participate in Shop for Miracles, a one-day CU4Kids program that will raise funds for local Children's Miracle Network Hospitals on Thursday, Oct. 15.

While banks have been backing away from branching, a recent study by SNL Financial that credit unions have been adding more new branches the last couple of years.

WASHINGTON — A Federal Deposit Insurance Corp. publication on Monday advised banks to include cyber risk in standard disaster-planning and business-continuity exercises as part of general strategic-planning discussions.

OSHKOSH, Wis. — The credit union that once merged three successful institutions into one continues to grow, with Verve, A Credit Union, announcing a completion date for its merger with Community CU of La Crosse.

Santa Cruz County Bank in California has named Angelo DeBernardo its chief lending officer.

Credit union loan balances grew at an 11% annualized pace in June, while loan delinquency rates fell, according to the latest Credit Union Trends Report from CUNA Mutual Group.

CUNA Mutual Group funded a study by the Filene Research Institute aimed at measuring the growth potential for credit unions in member business lending. The study comes as the federal regulator is considering easing restrictions on MBLs.

New Jersey Community Bank's chairman has resigned, less than four months after he quit as chief executive of the Freehold bank.

M&T Bank's president and chief operating officer, Mark Czarnecki, has been diagnosed with pancreatic cancer and plans to remain in his role at the bank while he gets treatment, the Buffalo News reported.

F.N.B. in Pittsburgh has shuffled its management ranks, after John Williams announced his retirement as bank president.

Simmons First National in Pine Bluff, Ark., has promoted several executives, as David Bartlett announced his plans to retire as president and chief banking officer.

PeoplesBank in Holyoke, Mass., will promote its chief financial officer to lead the bank, as Chief Executive Douglas Bowen plans to retire.

A trio of credit unions share how they're changing their branching footprint, from coffee shop chic to no-frills virtual branches.