News

The move, part of a broader trend of credit unions acquiring community banks, expands Land of Lincoln’s footprint in Central Illinois and brings its total assets to over $570 million. Land of Lincoln Credit Union in [...]

A new survey shows 84% of credit union professionals expect growth or stability in auto portfolios, even as rising rates, tariffs, and affordability challenges reshape the lending landscape. Credit unions are generally more optimistic [...]

A new report from CUES found that total compensation for credit union CEOs rose more than 10% in the past year. Executive compensation in the credit union industry is surging, with top leadership roles seeing notable [...]

Former National Credit Union Administration board member Geoff Bacino writes that the agency effectively has its hands tied until the makeup of the board is resolved. In a dramatic series of legal and political [...]

Calling the task “daunting,” the former California and Nevada Credit Union Leagues CEO said he’s up to the challenge. Scott Simpson knows the job will not be easy Simpson, a seasoned credit union advocate [...]

Many credit unions struggle to bridge the gap between the ideal of seamless digital experiences and the reality of outdated systems and cost concerns. A new article from McKinsey spotlights the need for credit [...]

The merger, which should be wrapped up by the fall, will create an institution with more than 48,000 members across a six-state footprint. In a strategic move to expand its footprint in the Deep [...]

A survey conducted by S&P Global revealed that 78.6% of respondents expect an increase in lending. Bankers are cautiously optimistic about loan growth during the next year, according to the second-quarter 2025 U.S. Bank [...]

While Navy Federal, the world’s largest credit union, grew its assets by $11 billion in the first six months of 2025, its earnings fell by 7%. Quick: Name the three largest credit unions in [...]

Perhaps most notably, Brandon Michaels has resigned as president and CEO of $3.6 billion-asset OneAZ Credit Union after just two years on the job. The past week has seen a flurry of changes at [...]

The RTP network, FedNow’s primary competitor, handles more than 1 million daily transactions, but FedNow is making some inroads. The Federal Reserve’s instant payment network, FedNow, hit a significant milestone in the second quarter – [...]

Before Wednesday, it had been nearly two months since a U.S. credit union announced a bank purchase, but the M&A space seems to be heating up. In the second credit-union-buying-bank deal announced in two days, OnPath [...]

For the first time since February, the National Credit Union Administration Thursday morning held a board meeting with a full three-person panel. Would they or wouldn’t they?That was the biggest lingering question Thursday morning as the [...]

President Donald Trump in April fired the agency’s two Democratic board members, but – barring an appeal – the credit union regulator will again be overseen by a three-person entity. A federal judge has reversed a [...]

The $1.3 billion-asset company will grow its branch count from nine to 12 with its planned purchase of the $287 million-asset Summit Bank. It had been nearly two months since a U.S. credit union [...]

Losing money, the $155 million-asset Arrha Credit Union in Springfield, Massachusetts, will merge into the $2.2 billion-asset BrightBridge Credit Union. BrightBridge Credit Union in Lawrence, Massachusetts, will expand its field of membership to serve three [...]

First Community Bank will pay approximately $41.6 million for Signature Bank of Georgia and, in the process, move into the attractive Atlanta banking market. While much of the banking industry’s attention was focused on Huntington National [...]

Meriwest Insurance Services is set to launch in the fourth quarter of 2025 and should provide the $2.1 billion-asset credit union with enhanced member relationships. Credit Unions’ efforts to diversify their revenue streams while building cross-selling [...]

The latest small but thriving credit union seeking a merger with a much larger partner is the $82 million-asset Credit Union of Vermont. Sub $100 million-asset credit unions continue to seek out merger partners [...]

Access Cobb, a new venture started by $261 million-asset Craft Bank, is now welcoming customers in Marietta. Cobb County, Georgia, finally has its first locally-based bank. Access Cobb, a spinoff of $261 million-asset Craft [...]

After beginning her STCU career 25 years ago as an accounting assistant, Lindsey Myhre has now ascended to the organization’s top spot. Spokane Teachers Credit Union in Washington has named Lindsey Myhre as its new president [...]

The Melbourne-based institution will open two de novo branches in the theme park capital of the world, where 3% of its membership already resides. One of Florida’s largest credit unions is expanding inland. The [...]

New Mexico now boasts eight credit unions with at least $1 billion of assets after First Financial crossed that threshold through a merger. First Financial Credit Union, the eighth largest CU based in New [...]

There were no credit union liquidations in 2024, but halfway through 2025 the NCUA has already closed four struggling institutions. For the second time in 24 hours and the third time in the past [...]

There were no credit union liquidations in 2024, but halfway through 2025 the NCUA has already closed three struggling institutions. The National Credit Union Administration Monday closed Butler Heritage Federal Credit Union in Middletown, [...]

Proponents say the legislation would allow the state’s credit unions to fill in some of the gaps left behind by banks, which have pulled out of some communities. Credit unions in North Carolina suffered a setback [...]

The $697 million-asset Pathways Financial Credit Union is working on a deal for a new HQ building in Dublin, Ohio. One of the fastest growing credit unions in Ohio is in the process of moving its [...]

Alliant Credit Union in Chicago hired Mike Dobbins to be its next chief executive. Mike Dobbins has been named CEO of Alliant Credit Union in Chicago – the ninth largest credit union in the nation by [...]

The $16 billion-asset company is beefing up its presence in Allentown by acquiring seven branches in the market from Santander Bank. Community Bank in DeWitt, New York, is acquiring seven branches in Allentown, Pennsylvania, [...]

Brandon Luetkenhaus will succeed Scott Sullivan – who is retiring on June 30th – as the trade group’s president and chief executive. Brandon Luetkenhaus has been named the next president and Chief Executive Officer of the [...]

The federal regulator granted the organizers of Soul Community Federal Credit Union a charter in December but closed its doors last week. The National Credit Union Administration has liquidated Soul Community Federal Credit Union [...]

Arise Community Credit Union will officially open its digital doors and begin operations on June 19. Arise Community Credit Union, which was chartered by the state of Minnesota in 2024, officially launches digitally on [...]

The National Credit Union Administration took control of a struggling credit union for the second time in 2025. Aldersgate Federal Credit Union in Marion, Illinois, became the second credit union to be conserved by [...]

Credit Union 1 currently has 22 branches across seven states, but Minnesota is not one of them. That’s about to change. Credit Union 1 in Chicago plans to expand its reach into Minnesota through a merger [...]

In its first bank acquisition in a dozen years, Commerce Bank is buying FineMark National Bank & Trust in an all-stock deal for $585 million. Commerce Bancshares will expand its Florida footprint with the [...]

Chief Operating Officer Andy Rush will take the helm of the $3.6 billion-asset credit union in October in conjunction with the retirement of Derrick Ragland Jr. Southern Energy Credit Union in Birmingham, Alabama, named [...]

Allegent Community FCU found its new leader in house, while Franklin Mint FCU prepares to cross the $2 billion threshold through a merger. Allegent Community Federal Credit Union in Pittsburgh named Michael Korhnak as [...]

Jay R. VanSickle II was fired by Main Street Bank almost exactly one year after Wayne Savings Community Bank merged with Main Street last May. Main Street Bank in Wooster, Ohio, last week fired [...]

The $2.7 billion-asset credit union added 16 counties to its field of membership as well as San Antonio and the Texas capital of Austin. First Community Credit Union in Houston is expanding its field [...]

Total credit union loans and membership are rising, but the growth is tepid and primarily occurring among the largest credit unions. The National Credit Union Administration Thursday released its comprehensive industry data for the [...]

Dr. Siva Narendra, Tyfone’s CEO and co-founder, was named the winner in the Tech Leadership - Visionary CEO category in the Banking Tech Awards USA for 2025. The winners were announced at [...]

The $8.3 billion-asset Members 1st Credit Union in Pennsylvania anticipates hitting the $10 billion-asset mark as soon as within the next two or three years. It is not a question of if but when [...]

Avenir Financial will increase its assets by 50% and expand its footprint to Kingsman with the acquisition of $194 million-asset Mission Bank. In the eighth credit union-buying-bank deal announced in 2025, Avenir Financial Federal [...]

The proposed merger of Del-One FCU and Louviers FCU would create an institution with 16 branches serving more than 100,000 members. Del-One Federal Credit Union, the largest credit union based in Delaware, is about [...]

Tyfone’s Digital Banking Podcast was recently named to MillionPodcasts’ ranking of the Top 70 Banking Podcasts. MillionPodcasts ranked the Digital Banking Podcast #21 on the list, behind a small group including “Banking Transformed with [...]

The $8.3 billion-asset credit union in Enola experienced a 53% increase in net income in the first quarter. Earnings growth has been a struggle of late for many U.S. credit unions. The National Credit [...]

In the first meeting of the National Credit Union Administration’s board since February, the regulator outlined plans to drastically reduce its workforce in the coming months. The National Credit Union Administration board on Thursday [...]

After chartering four new credit unions in 2024, the NCUA awarded its second charter of the year to African Diaspora Federal Credit Union in Missouri. The National Credit Union Administration has handed out the [...]

Founded less than 20 years ago, River Valley Community Bank has grabbed an increasingly large piece of the lending pie in the region. River Valley Community Bank In Yuba City, California, is bulking up for [...]

The $5.9 billion-asset STCU Tuesday night announced the departure of longtime CEO Ezra Eckhardt. Ezra Eckhardt is out as President and CEO of Spokane Teachers Credit Union in Liberty Lake, Washington. The $5.9 billion-asset [...]

The third tie-up announced in the past week will create an $850 million-asset credit union in the Constitution State. Connecticut has been a hotbed for credit union merger activity of late. Most recently, Nutmeg [...]

Chickasaw Community Bank will add $100 million in assets with the purchase of Oklahoma Heritage Bank. Chickasaw Community Bank in Oklahoma City, Oklahoma, said it plans to acquire Oklahoma Heritage Bank, in Ada. Terms [...]

The $2.2 billion-asset CDFI is based in North Carolina but does most of its business in California. For the second time this week, Connecticut-based credit unions have announced a merger. First, CorePlus Federal Credit [...]

The yet-unnamed institution will serve nearly 50,000 members with nine branches across the state. CorePlus Federal Credit Union in Norwich and Scient Federal Credit Union in Groton plan to merge and form a Connecticut [...]

The deal is the seventh announced this year involving a credit union buying a bank. Frontier Credit Union in Idaho Falls, Idaho, will expand its footprint into Montana through a bank purchase. The $698 [...]

The world’s largest credit union grew its assets by almost $10 billion in the first three months of 2025. Navy Federal Credit Union surpassed the $190 billion asset mark in the first quarter of [...]

In the first credit union closure in two years, the NCUA Wednesday shuttered Unilever Federal Credit Union. The National Credit Union Administration Wednesday closed Unilever Federal Credit Union of Englewood Cliffs, New Jersey. The [...]

The two former NCUA board members said having three members overseeing the agency instead of a single administrator protects consumers, better insures deposits and maintains the system’s overall safety and soundness. Former National Credit [...]