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 [...]
Written By: Jim Rieniets President and CEO INSBANK For most every year since the Great Recession, I’ve joined a delegation of Tennessee bankers for an annual trip to DC to meet with [...]
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 [...]
INDUSTRY NEWS Whether the former NCUA board member will ultimately be reinstated is up for conjecture, but if Harper goes down, he’s going down swinging. It has been one tumultuous month since President [...]
Written By: Brian Waldron President and CEO Dort Financial Credit Union Todd Harper’s interview last week with Brookings and his subsequent post is disingenuous to the credit union movement. Brookings provided [...]
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 [...]
Written By: Tim Scholten President and Founder Visible Progress LLC In an era of rapid digitization, where mobile apps and automated services dominate financial interactions, the concept of relationship banking remains not [...]
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 [...]
Written By: Aaron Goff Credit Union Executive & Principal AG Executive Consulting You don’t have to be Nostradamus to see that the credit union industry is staring down a serious identity crisis. [...]
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 [...]
The combination of C&N Bank and Susquehanna Community Bank will reshape the banking landscape in northcentral Pennsylvania. Citizens & Northern Bank in Wellsboro, Pennsylvania, plans to acquire Susquehanna Community Bank in West Milton for [...]
INDUSTRY NEWS Like credit unions in almost every state, Ohio institutions have been challenged lately in bringing in new members, but returning to fundamentals could be the key to success. Membership growth is [...]
Digital banking provider Tyfone was recognized as a finalist in three categories for the Banking Tech Awards USA for 2025. The Portland, Oregon-based company was named as a finalist in the Best Credit Union/Community Bank [...]
The combined company will serve more than a million members across six states from Florida to Colorado. San Diego County Credit Union and California Coast Credit Union did not hold the title for long. [...]
Brian Lee is leaving Landings CU to take the top spot at $689 million-asset Arizona Central CU. Arizona Central Credit Union in Phoenix named Brian Lee as its new president and CEO, effective May 5.He replaces [...]
Written By: Geoff Bacino Founder and CEO Bacino & Associates The most seismic day in the history of the National Credit Union Administration board took place on April 16th when board members Todd Harper [...]
The Sunshine State has now seen 18 of its community banks sold to credit unions all time after MidFlorida Credit Union in Lakeland announced plans to buy Prime Meridian Bank in Tallahassee. Only Illinois has seen [...]
Originally published on CUInsight.com Written By: Brian Lee President and CEO Landings Credit Union I was fortunate to be hired as the CEO of Landings Credit Union in January 2020 at [...]
Without warning, President Donald Trump Wednesday removed Todd Harper from the NCUA’s board a full two years before his term was set to expire. President Donald Trump has fired Todd Harper from the board [...]
In part to eliminate confusion about what CFCU stands for, the Ithaca-based credit union is changing its name. CFCU Community Credit Union in Ithaca, New York, is rebranding as Beginnings Credit Union effective immediately. [...]
In the fourth credit union-buying bank deal announced this year, Maps Credit Union in Salem plans to acquire Lewis & Clark Bank in Oregon City. Marion and Polk Schools Credit Union is buying the [...]
Sonata Bank is a virtual newcomer in the competitive Nashville market and will turn to a new CEO to maintain its steep growth trajectory. Fast-growing Sonata Bank has named a new chief executive officer. [...]
In the biggest credit union merger announced so far in 2025, California Coast Credit Union and San Diego County Credit Union have announced plans to combine. California Coast Credit Union and San Diego County [...]
The $9.7 billion-asset OnPoint Community CU has signed a lease at 707 SW Washington Street in the heart of downtown Portland’s business district. OnPoint Community, the largest credit union headquartered in Oregon, is doubling down [...]
The $6.7 billion-asset DFCU Financial has acquired two community banks based in Florida in the past three years. Credit unions buying community banks has been a hot topic across both industries for years. Less [...]
Written By: Ron Mercer, CPA Director Artisan Advisors Workout may be making a comeback. Current economic uncertainty may cause more troubled loans, in which case focus will shift from normal operations to [...]
The $2.6 billion-asset PenAir Credit Union has pushed further into Alabama and, most recently, into Virginia, but the expansion won’t stop there. PenAir Credit Union in Pensacola, is expanding across Florida and beyond, both [...]
The Illinois Credit Union League said the state-chartered credit unions in the state have shared nearly $28 million in the past 16 years. State-chartered credit unions in Illinois will receive nearly $1.2 million in [...]
For more than a decade, Jim Nussle has led the credit union industry’s largest and most influential trade group, but his time at the helm may soon end. Jim Nussle will step down as [...]
The $598 million-asset credit union has separated from president and chief executive Aaron Goff, who led the organization for more than seven years. Embold Credit Union in Oregon and its longtime CEO, Aaron Goff, [...]
Written By: Jeff Cardone Partner Luse Gorman, PC As Congress considers legislation to reform U.S. tax policy, the credit union tax exemption is a frequent topic of debate and a point of [...]
The $2 billion-asset Clearview FCU announced Wednesday that the newly-formed Clearview Foundation will provide grants of up to $5,000. Clearview Federal Credit Union in Moon Township, Pennsylvania, has launched a charitable foundation to address [...]
Dean Miller, who has been president and CEO of First National Bank of Bellevue since 2006, was replaced by industry veteran Jeff Bechtel. First National Bank of Bellevue in Ohio named Jeff Bechtel as its new [...]
The $16 billion-asset lender will become a publicly-traded bank holding company and expand its West Coast footprint from San Diego to Seattle. Mechanics Bank in Walnut Creek, California, has agreed to acquire HomeStreet Bank [...]
Regular shares declined for U.S. credit unions in 2024, but the industry found deposit growth anyway – primarily through share certificate accounts. Share and deposit growth was a mixed bag in 2024 for most [...]
The NCUA said Wednesday that Valwood Park FCU was saved from failure in part by mitigating risks. Valwood Park Federal Credit Union in Carrollton, Texas, has been removed from conservatorship and returned to its [...]
Written By: Bruce Kershner Founder and CEO Kershner & Co. The community banking sector, long defined by its deep-rooted customer relationships and localized decision-making, is at a transformational crossroads. Artificial Intelligence (AI) is [...]
With little warning, the National Credit Union Administration last week canceled the board meeting that was scheduled for March 27, and speculation as to why continues. The National Credit Union Administration suddenly cancelled its [...]
INDUSTRY NEWS If you follow the credit union space you’ve heard of the National Association of State Credit Union Supervisors, but what exactly do they do, and why does it matter? Brian [...]
The $3.6 billion-asset Rogue Credit Union in Medford announced plans to move into the Golden State through a merger with Members 1st CU in Redding. Rogue Credit Union will expand its footprint into California through a [...]
D. Hilton Associates has begun the search for the next leader at Oregonians Credit Union in Milwaukie after Sam Launius announced plans to retire. Sam Launius, the President and CEO of Oregonians Credit Union, [...]
Written By: Sam Brownell Founder and CEO CUCollaborate In financial services, data is the ultimate competitive edge. The largest banks, fintechs, and emerging digital players have leveraged vast datasets to overhaul underwriting, optimize [...]
WCLA Credit Union in Olympia moved up from the fourth position in 2023 to the top spot in S&P Global’s annual ranking of the top credit unions in the nation. The envelope, please. The [...]
Consumers Credit Union continues to build branches, and most recently bought the property occupied by a popular Rockford, Michigan, eatery. Few credit unions in the U.S. have been building branches faster than Consumers Credit Union, which [...]
Global FCU and Credit Union 1, both based in Anchorage, made announcements this week that will result in expanded footprints and notable asset growth. The two largest credit unions based in Alaska announced major expansion news [...]
It had been two months since a credit union announced a community bank acquisition, but that dry streak ended Wednesday with NuMark Credit Union’s second bank deal. NuMark Credit Union in Joliet, Illinois, has agreed to [...]
Written By: David Murphy President Marshfield Medical Center Credit Union Last year, the financial services industry was shaken by the announcement of a multi-billion-dollar merger between First Tech Federal Credit Union and Digital Federal [...]
After chartering four new credit unions in 2024, the NCUA Tuesday awarded its first charter of the year to Heritage Hub FCU in Texas. The National Credit Union Administration has handed out the first new federal [...]
Two Detroit-areas credit unions plan a tie-up that would result in a $1 billion-asset institution with more than 63,000 members. Christian Financial Credit Union in Sterling Heights, Michigan, and Catholic Vantage Financial in Livonia [...]
INDUSTRY NEWS Thousands were in attendance at America’s Credit Unions’ Governmental Affairs Conference in Washington D.C. last week – the largest get-together on the credit union calendar. Tyfone was there too, and here are some of our [...]
INDUSTRY NEWS At America’s Credit Unions’ Governmental Affairs Conference this week, panelists suggested that commercial lending still remains a vastly untapped market for CUs. The reasons that credit unions seek to acquire community banks [...]
Written By: Daniel Prezioso Partner Olden Lane As the credit union industry gathers in the nation’s capital for America’s Credit Unions’ annual Governmental Affairs Conference, several risk factors ought to be top [...]
Details of a bank deal announced in January showed that a credit union made a more lucrative offer, but the seller was worried about regulatory hurdles. Some of the scuttlebutt at America’s Credit Unions’ [...]
The National Credit Union Administration Monday said it will stop publishing overdraft and NSF data for individual credit unions beginning in the first quarter of 2025. The National Credit Union Administration will no longer publish overdraft [...]
Credit Union consultant Geoff Bacino said the President’s plan to combine some of the agencies that regulate U.S. financial institutions could be “disastrous.” Former National Credit Union Administration board member Geoff Bacino took the gloves off [...]
After credit unions in Florida last year won a similar victory, CUs in the Palmetto State want the right to challenge banks for public funds. It took five years, but credit unions in Florida last year [...]
During his first meeting as chairman of the National Credit Union Administration, Kyle Hauptman encouraged NCUA employees and consumers not to believe everything they read. While admitting that they are as uncertain about the [...]
Written By: Alan Bergstrom Founder Bergstrom Consulting Services It happens all the time — when budgets get tight, marketing is often one of the first things to be cut. This is especially [...]
APCO Employees CU brought in 20,000 new members and $270 million of assets through two recent deals and felt the time for a rebrand was at hand. APCO Employees Credit Union in Birmingham, Alabama, [...]
A new survey conducted by York Public Relations also found that payment technologies are top of mind for bank executives. Nearly 78% of U.S. banks plan to increase their fintech spending in 2025-2026, a new survey [...]
Written By: Jason Stverak Chief Advocacy Officer Defense Credit Union Council The National Credit Union Administration serves as the cornerstone of the U.S. credit union system, ensuring its safety, soundness, and independence. [...]
After 13 years as the chief executive at Langley FCU, Tom Ryan announced that he will step down at the end of 2025. Langley Federal Credit Union in Virginia is looking for a new leader. The $5.4 [...]
Most of the largest credit unions in the U.S. reported an increase in problem assets last year, an S&P Global study found. An early look at comprehensive U.S. credit union industry data for 2024 [...]
Newport Beach-based Genesis Bank plans to buy Beverly Hills-based Excel Bank, but the purchase price was not disclosed. Veteran acquirer Stephen Gordon and his latest venture Genesis Bank are on the deal path. Genesis [...]
Deidra Miner has been the $1.1 billion-asset credit union’s chief operations officer since 2018. Red Canoe Credit Union in Longview, Washington, has named Deidra Miner as the organization's new CEO. She replaces David Spaulding, [...]
INDUSTRY NEWS Tyfone spoke with the CEOs of four community banks, who said that while the fate of the CFPB remains murky, the outcome is likely to be better than things were. What [...]
Written By: Russell Hunt Senior Managing Director Skyway Capital Markets Cross-industry transactions between different types of regulated depository institutions have been an integral part of the evolving framework of consolidation and delivery [...]
The first-ever credit union-buying-bank transaction announced in New York is now in the books, as observers of the two industries wait for more such deals to break. Hudson Valley Credit Union has completed its acquisition [...]
The credit unions are headquartered just 30 miles apart, but by combining they will extend their reach throughout central Missouri. River Region Credit Union in Jefferson City and Missouri Credit Union in Columbia plan [...]
Orchard Executive Search and Bergstrom Consulting Services are the newest players on the credit union/community bank consulting scene. Two boutique consulting firms have recently been launched, both with the focus of helping community banks and [...]
Written By: Peter Duffy Nationally-recognized advisor to credit union boards "Hey, what's going on?" Borrowing from the song “What’s Up?” by the musical group 4 Non Blondes seems appropriate as many credit [...]
Intercity State Bank will merge into the $2.2 billion-asset One Community Bank in Oregon, Wisconsin, later this year. Intercity State Bank in Schofield, Wisconsin, plans to merge with Dane County-based One Community Bank. Both [...]
The largest three credit unions in the U.S. had varying degrees of success in terms of earnings, membership growth and asset expansion in 2024. How much does a healthy advertising spend impact asset and [...]
The $12.1 billion-asset ICCU enters the Tucson market through its tie-up with Tucson Old Pueblo Credit Union. Idaho Central Credit Union is expanding to Arizona through a merger with Tucson Old Pueblo Credit Union.The deal will [...]
INDUSTRY NEWS The $1.6 billion-asset institution has doubled its size since CEO Steven Bugg took over in 2018. Great Lakes Credit Union continues to use M&A as a vehicle to rapid growth.The Bannockburn, Illinois-based credit [...]
The $6.7 billion-asset organization headquartered in Brookfield, Wisconsin, said that Jay Magulski will step down at the end of 2025. Jay Magulski, the longtime CEO of Landmark Credit Union in Wisconsin, will retire at [...]
Written By: Jeff Marsico President The Kafafian Group The world lost a comedy legend in 2024 with Bob Newhart's passing. His passing reminded me of his classic therapy skit in which he charged [...]
The $1.1 billion-asset LAFCU collected more than $5.3 million in fee income in the first three quarters of 2024. LAFCU in Lansing, Michigan, is slashing its overdraft and non-sufficient funds fee from $32 to [...]
Raichelle Kallery and Kate Bryant both recently took the helm of northeast banks after serving their respective institutions for decades. The Savings Bank in Wakefield, Massachusetts, has named Raichelle Kallery as its new president [...]
Newly-released research from S&P Global Market Intelligence found that four tie-ups were cancelled in 2024, the most since 2021. Five M&A deals in which a credit union would have been the acquirer failed in [...]
Written By: Mark Treichel Former Executive Director NCUA & Founder Credit Union Exam Solutions As someone who spent more than three decades at the NCUA, including serving as Executive Director, my perspective [...]
Industry insiders believe that 2025 could see even more credit union-buying-bank deals than the record 22 announced last year. The first credit union-buying-bank deal of 2025 is also the first such deal ever struck in California.On [...]
State regulators closed the $49.5 million-asset bank on Friday after fraud caused $28.5 million in losses to the FDIC’s deposit insurance fund. In the first bank failure of 2025, Pulaski Savings Bank in Chicago [...]
The $29.7 billion-asset Boeing Employees CU already boasts 1.5 million members but is seeking more in its home state. Boeing Employees Credit Union, the fifth-largest credit union in the U.S., is expanding its reach.The Tukwila, Washington-based [...]
Todd Harper, who was likely serving as the agency’s board chairman for the final time, said he is extremely proud of the regulator’s accomplishments during the past four years. The National Credit Union Administration [...]
Written By: Brandy Bruyere Partner Honigman LLP The tea leaves have settled, and to the surprise of probably very few, the 2025 examination supervisory priorities recently released by the National Credit Union [...]
Ryan Drake only held the CEO position for a year before he and the credit union’s board decided a change was needed. Our Community Credit Union in Shelton, Washington, is looking for a new [...]
The National Credit Union Administration took control of a struggling credit union for the second time in two months. Butler Heritage Federal Credit Union in Middletown, Ohio, became the first credit union to be [...]
M&A deals involving credit unions buying banks have been on the rise in recent years, but the reverse transactions are extremely rare. A record number of deals in which credit unions acquired community banks [...]
Written By: Brad Bolton President and CEO Community Spirit Bank and past Chairman Independent Community Bankers of America As the number of acquisitions of community banks by credit unions skyrocketed at a shocking [...]
The Kansas-based organization said it will have at least eight locations in the Gateway City after merging with Electro Savings Credit Union. CommunityAmerica Credit Union plans to bolster its presence in St. Louis through [...]
Nutmeg State Financial Credit Union CEO John Holt said the CFPB may indirectly be forcing credit unions to increase loan rates to cover other costs. What are the primary issues that credit union CEOs [...]
INDUSTRY NEWS Last year saw a record number of deals involving credit unions buying community banks, but those in the know say you ain’t seen nothing yet. Twenty-two times in 2024 banks across [...]
