Sandy, Utah-based Mountain America Credit Union is selling off its operations in Albuquerque, New Mexico, to Sandia Laboratory Federal Credit Union. Details of the sale were not disclosed. The $19.6 billion-asset Mountain America, the [...]
United Credit Union in Chicago is rebranding as Vicinity Credit Union. The $293 million-asset organization said the name better reflects its “deep-rooted” connections to the neighborhoods it serves in Cook County. “This is a significant [...]
The latest credit union data paints a less-than-rosy picture for the industry at large. The National Credit Union Administration Thursday released its comprehensive industry data for the second quarter of 2024, and it will likely [...]
With increasing frequency, we are encountering financial institutions that no longer have a productive relationship with a technology vendor, primarily their core vendor. As this relationship falters, many FI leaders consider converting to a new [...]
Not only are credit unions merging with increasing frequency, the leagues and associations that serve them are joining forces too. In the most recent example, the League of Southeastern Credit Unions & Affiliates has announced [...]
For the first time ever, a West Virginia-based community bank plans to sell itself to a credit union. REV Federal Credit Union in Summerville, South Carolina, said it agreed to acquire the $149 million-asset First [...]
Two Georgia-based credit unions are the latest to consummate a merger. The $935 million-asset Peach State Federal Credit Union and the $88 million-asset Pinnacle Credit Union will merge effective Sept. 1. Members of the two [...]
Northwest Federal Credit Union has acquired the naming rights for the stadium used by the NFL’s Washington Commanders football team. The financial details were not disclosed, but CNBC reported that the deal runs through [...]
Navy Federal Credit Union is making a push into the Philadelphia area. The world’s largest credit union has opened three branches in the market with a fourth planned for next year, BucksCo Today reported, [...]
The current operating environment may be driving a growing number of credit unions to consider mergers. That may be especially true for institutions below $10 billion in assets, which don’t benefit from the economies [...]
SouthCoast Federal Credit Union in New Bedford, Massachusetts, will now open accounts for immigrants that do not have social security numbers. The $66 million-asset organization is collaborating with the Community Economic Development Center and offering [...]
This year’s election cycle is putting the issue of what American democracy means front and center. Some believe it is about majority rule-the winner calls all the shots. Others have a more nuanced view [...]
What are the hottest positions for community financial institutions to fill in 2024? Those within compliance, risk and finance certainly head the list, according to B.J. Berrettini, executive director for a search firm in [...]
U.S. Eagle Federal Credit Union plans to acquire Southwest Capital Bank, the companies announced in a joint press release. Both institutions are based in Albuquerque, New Mexico, and the purchase price was not disclosed. [...]
Today, the efficiency and satisfaction of your staff are critical to the overall success of your organization. Ensuring that your employees are working in an environment that promotes productivity and job satisfaction can lead to [...]
