Credit unions that have not struck bank deals have better net interest margins than their banking-buying peers, a new study from S&P Global Market Intelligence found. In the first quarter of 2024, the [...]
Financial hardship can strike anyone, often without warning. Unexpected expenses can disrupt even the most carefully planned budgets, leaving individuals grappling with the tough challenge of meeting urgent financial obligations. For many, the inability to [...]
The National Credit Union Administration is considering issuing a proposed rule that would require federal credit unions to provide information on executive compensation to their members. The rule would require information similar to what state-chartered [...]
The number of credit unions in the U.S. continues to shrink, and few new organizations are entering the landscape to replace those that merged or closed. Case in point: There were 4,604 federally [...]
In the dynamic world of digital banking, financial tools serve as a backbone, revolutionizing the way individuals and businesses manage their finances. Digitalization has ushered in multiple tools that make money management more accessible and [...]
Nutmeg State Financial Credit Union in Rocky Hill and First Bristol Federal Credit Union in Hartford said this week that First Bristol members approved the merger of the two institutions. It was the final hurdle [...]
Few issues raise the ire of community bankers as much as credit unions buying banks. And with the halfway mark of the year right around the corner, 2024 is on pace to obliterate the previous [...]
In today’s highly competitive financial industry, institutions are racing to outpace their rivals by prioritizing the digitization of back-end processes. Legacy IT systems, manual processes and disorganized data contribute to rising costs, low support [...]
The combined credit union will have more than 260,000 members and 25 branches throughout Northern Virginia, the institutions said in a press release Wednesday. Apple Federal Credit Union’s President and CEO Andy Grimm [...]
Tribe is the first federal credit union to receive a charter under the NCUA’s provisional charter pilot initiative. Historically, groups interested in organizing new credit unions had to find a way to raise the [...]
An example of great banking user experience is to provide access to financial services in a streamlined and intuitive manner. This process takes time and is ongoing. Having a long-standing brand reputation doesn’t mean [...]
Since its launch in July 2023, the FedNow Service has rapidly expanded its reach. Initially launched with 35 financial institutions on the instant payments network, the number has surged to more than 600 institutions. The [...]
