A proposed acquisition by an out-of-state credit union has set off a legal and political fight over who is allowed to own banks in Ohio. The prospect of a credit union acquiring an Ohio-chartered [...]
The world’s largest credit union added more than $6 billion in assets in the past quarter alone, according to newly released regulatory data. Where once there were no credit unions in the U.S. holding more [...]
The closure of People Trust Community Federal Credit Union underscores mounting pressure on the nation’s smallest financial institutions. The National Credit Union Administration on Thursday liquidated People Trust Community Federal Credit Union in North [...]
The deal reflects a growing wave of credit union acquisitions of banks, a shift that has drawn sharp criticism from industry trade groups. Interra Credit Union, a nearly $2 billion-asset institution based in Goshen, Ind., has [...]
Written By: Brian Waldron President & CEO Dort Financial Credit Union The credit union movement was built on cooperation. Not competition. Not comparison. Cooperation. And if we want this movement to stay [...]
The fintech company’s move to establish Mercury Bank, N.A. signals a broader push by digital platforms to gain control over core banking services. Mercury, a San Francisco-based financial technology company serving more than 300,000 customers, has [...]
The proposed combination would create a $7 billion-asset institution as consolidation continues to reshape the credit union industry. Two large Southern credit unions, one based in Tennessee and the other in Georgia, said they [...]
The launch of Generations Community Bank marks the state’s first new bank in nearly two decades and aims to address persistent racial wealth gaps. A new bank opened its doors in Indiana last week [...]
From the Desk of Jason Stverak Chief Advocacy Officer Defense Credit Union Council Calling defense credit unions and CDFI-designated credit unions “woke” may make for a sharp sound bite, but it is [...]
Rising fuel prices and everyday expenses are reshaping household finances, pushing more consumers toward short-term borrowing and payment relief options. In Portland, Mich., a growing credit union is getting a close look at how higher prices [...]
INDUSTRY NEWS The planned combination with Members Plus reflects a broader push for scale, efficiency and survival among smaller financial institutions. Metro Credit Union’s latest merger is less about size for its own [...]
The proposed deal would create a nearly $6 billion institution serving more than 360,000 members, underscoring steady consolidation across the credit union industry. Truliant Federal Credit Union and Piedmont Advantage Credit Union, two long-established institutions based [...]
Written By: Jeff Marsico Principal of Strategic Consulting Services Wolf & Company P.C. The traditional financial industry is facing a quiet, steady drain of its lifeblood. While the "unbanked" population is shrinking, [...]
The leadership transition comes as longtime chief Terry Dorilas retires after more than a decade guiding the South Boston institution. Mass Bay Credit Union, a community lender based in South Boston, Massachusetts, has appointed Kelli Cullen [...]
The transaction will expand United’s presence in Northeast Georgia and deepen its foothold in the fast-growing Gainesville market. United Community Banks has agreed to acquire Peach State Bancshares in a stock-and-cash transaction valued at [...]
An Olympia-based chief executive says the policy begins to level the playing field as credit unions expand through acquisitions. A new law in Washington targeting credit union acquisitions of community banks is reshaping a [...]
In a Tyfone interview, 7 17 Credit Union CEO John Demmler describes how inflation is reshaping borrowing and driving demand for flexible financial solutions. As rising fuel prices and the cost of everyday goods [...]
Delta Community’s CEO says borrowers remain active despite elevated prices and economic uncertainty, underscoring the importance of financial readiness. As spring ushers in one of the busiest seasons for home and automobile purchases, rising interest rates [...]
Written By: Michael Boettcher Director Artisan Advisors We are seeing a growing trend in the community bank merger and acquisition space: credit unions have become more active and successful acquirers of community banks. [...]
The latest Cost of Car Ownership Index shows transportation expenses rising far faster than wages, intensifying financial pressure on American households. The cost of owning a vehicle in the United States reached a record high in [...]
Industry leaders urge regulators to ensure equitable access as the NCUA moves to implement the GENIUS Act and define the role of digital assets in the financial system. Credit unions are pressing federal regulators to adopt [...]
The merger will unite two community banks with deep regional ties and strengthen financial services across South Texas. Coastal Bend Bancshares, the holding company for First Community Bank, has agreed to acquire First National [...]
From the Desk of Jason Stverak Chief Advocacy Officer Defense Credit Union Council April is when “Purple Up” is easy: a purple shirt, a quick photo, a simple show of support. But [...]
The Wichita-based institution said the planned leadership transition in 2027 will build on decades of growth and position the credit union for continued innovation. Mid American Credit Union, a Wichita-based financial institution with $511 [...]
Written By: Duncan Campbell President & CEO Pennsylvania Bankers Association Patrick Conway President & CEO CrossState Credit Union Association Kevin Shivers President & CEO Pennsylvania Association of Community Bankers [...]
Adams Community Bank and Pittsfield Cooperative Bank said their combination will strengthen community banking in western Massachusetts while keeping decision-making rooted in the region. Two long-standing community banks in western Massachusetts have agreed to merge, joining [...]
FINTECH NEWS Once upon a time, shipping an SDK made you sound innovative. Apps lived in silos, updates were annual, and integration meant one-off partnerships. But the world has changed. Financial technology today runs on ecosystems, not walled [...]
The Ohio credit union is expanding its reach through a high-profile partnership with the Cleveland Guardians and a broader push into community engagement. Century Federal Credit Union, a mid-sized institution based in Independence, Ohio, is deepening [...]
Institutions including Aberdeen Proving Ground Federal Credit Union and Nymeo Federal Credit Union are moving to capture rising demand in the region. Baltimore is emerging as a focal point for credit union expansion, as [...]
First West Credit Union’s rebranding as Tru Cooperative Bank highlights a growing divergence in how the two countries approach competition between banks and credit unions. In a move that would likely provoke controversy in [...]
The proposed combination would create a $3.5 billion-asset institution and extend Metro’s branch network into new communities. Metro Credit Union of Chelsea, Mass., has announced plans to merge with Members Plus Credit Union of [...]
The closure of Copper & Glass Federal Credit Union reflects mounting pressure on smaller institutions and a steady decline in the number of credit unions nationwide. The National Credit Union Administration on Wednesday liquidated [...]
Written By: Peter Duffy Managing Director of Merger and Acquisition Strategy SRM Just 25 years into the 21st Century, we have endured the terrorist attacks of 9/11, the “Great Recession” and the [...]
New data shows declining satisfaction and rising account switching could challenge credit unions’ traditional advantage. Credit unions continue to outperform traditional banks in customer satisfaction, but new data suggests that their long-held advantage may [...]
The agency’s chairman says a streamlined process is essential to reversing a long-term decline in new credit union charters. The National Credit Union Administration has launched the first phase of a redesigned system for [...]
An opinion column argues that digital payment innovations could drain deposits that sustain community credit. A senior Alabama banker is raising concerns about the unintended consequences of emerging digital payment tools, arguing that innovations [...]
From the Desk of Jason Stverak Chief Advocacy Officer Defense Credit Union Council The credit union movement in America did not simply emerge from policy debates or legislative victories—it was built, brick [...]
INDUSTRY NEWS The Maine institution is pairing a sharp rise in earnings with new branches in more populous communities as it enters a new chapter under fresh leadership. Acadia Federal Credit Union, long rooted [...]
As federal paychecks stall, institutions in Mississippi and Alabama are offering emergency financial lifelines to affected employees. As a partial federal government shutdown stretches into its second month, leaving thousands of Transportation Security Administration [...]
Written By: Alan Bergstrom Founder Bergstrom Consulting Services Now that GAC 2026 is over, it’s time for a quick recap of the key issues facing credit unions in the year (and years) [...]
Brian Hughes plans to step down at the end of 2026 after guiding the New Hampshire institution through expansion, digital modernization and community investment. Holy Rosary Credit Union said its longtime president and chief [...]
INDUSTRY NEWS Speaking one on one with Tyfone at the GAC in Washington D.C., Carrie Hunt said regulatory policy, fraud prevention and member affordability will shape how the world’s largest credit union serves its military-focused membership. [...]
The proposed merger would expand services for Westar members while preserving local access in the Syracuse area. Beginnings Credit Union, a $1.5 billion-asset institution based in Ithaca, N.Y., is moving forward with plans to [...]
The Las Vegas-based institution said the name change reflects a new chapter focused on growth and member empowerment while maintaining its core mission. Clark County Credit Union has begun transitioning to a new name, [...]
New federal data shows improving asset, deposit and loan growth even as more than half of credit unions report shrinking membership. Federally insured credit unions saw a modest rebound in growth in 2025, with gains in [...]
The merger is expected to strengthen Independent’s presence between Grand Rapids and Lansing while combining two community-focused banking franchises. Grand Rapids-based Independent Bank Corporation and HCB Financial Corp. announced Wednesday that they had entered [...]
Written By: Michael Murdoch AVP of Marketing University Credit Union For more than a decade, the banking industry has confidently predicted the demise of the branch. Smartphones would replace tellers. Mobile deposit [...]
Palmetto Citizens Federal Credit Union said the new location in Whitmire restores in-person financial services nearly two years after the community lost its last bank. Nearly two years after the last bank in Whitmire, [...]
FINTECH NEWS Institutions from Connecticut to Idaho say logins are not enough and that long-term trust, data and outcomes now define success. Credit unions for years have competed on rates, service at [...]
Crystal Long said she will step down after 15 years leading the El Paso institution, as it pursues growth in New Mexico through a pending bank acquisition. The longtime chief executive of GECU, the [...]
A new forecast from TruStage says U.S. economic growth is expected to slow modestly in 2026 while declining interest rates help revive credit union lending. The latest economic forecast from TruStage suggests the U.S. economy [...]
Regulatory approval allows the Maryland credit union to serve new counties and pursue growth among households, businesses and local governments. Maryland-based Nymeo Federal Credit Union has received federal approval to significantly expand its field [...]
From the Desk of Jason Stverak Chief Advocacy Officer Defense Credit Union Council Every few years, the banking lobby dusts off the same tired script and launches a new campaign attacking credit [...]
The California fintech says creating a federally regulated bank would streamline its operations and deepen its role in consumer credit markets. Upstart Holdings, the San Mateo, Calif.-based artificial intelligence lending platform, said it plans [...]
Written By: Michael Macchiarola Chief Executive Officer Olden Lane For much of their history, America’s credit unions have thrived through steady, deliberate decision-making. Prudence, patience, and incremental progress are virtues in a [...]
Michael Calcote will lead the Colorado-based institution following the retirement of Gerry Agnes after nearly two decades at the helm. Elevations Credit Union has named Michael Calcote as its next president and chief executive, [...]
The acquisition of American National Bank-Fox Cities would expand the credit union’s presence in Northeast Wisconsin and mark another example of the growing wave of credit union-bank combinations. Landmark Credit Union has reached an agreement to [...]
State regulators say they intend to approve the combination of Credit Union 1 and MAC Federal Credit Union following a public comment period. Alaska regulators have signaled their intent to approve the merger of [...]
Federally insured credit unions reported rising membership, stronger earnings and steady loan growth even as consolidation continued across the industry. Federally insured credit unions expanded their balance sheets and sharply increased profits in 2025, [...]
INDUSTRY NEWS One group of panelists said the cooperative financial sector must sharpen its identity, modernize its digital offerings and rethink how it generates revenue if it hopes to compete in a rapidly shifting financial marketplace. [...]
Industry veteran Dennis Dollar told credit union leaders that a new requirement could reshape how regulators review executive pay and governance. A new succession planning rule from the National Credit Union Administration is poised to become [...]
Written By: Scott Simpson President & CEO America’s Credit Unions This week, more than 6,000 credit union leaders from across the country are gathering in Washington, D.C., for America’s Credit Unions’ Governmental [...]
At a Washington mini-conference, an industry advocate said lawmakers may have slowed the Durbin-Marshall bill but could still advance it through other legislative vehicles. What was once expected to be a brief legislative skirmish [...]
The Pennsylvania institution says the move will widen membership eligibility across several states while preserving its cooperative mission. Citadel Credit Union, the $6.6 billion-asset institution based in Exton, Pennsylvania, announced Monday that it has [...]
The Governmental Affairs Conference will bring thousands of industry leaders to the capital for strategy sessions, keynote addresses and meetings with lawmakers. Credit union leaders from across the country are gathered in Washington this [...]
From the Desk of Jason Stverak Chief Advocacy Officer Defense Credit Union Council Next week, credit union leaders from across the country will arrive in Washington, D.C. with something powerful in hand: [...]
The federal regulator approved 157 combinations last year, while credit union acquisitions of banks remain near record levels. The nation’s credit unions continued to consolidate in 2025, though at a slightly slower pace than [...]
Written By: Geoff Bacino Founder & CEO Bacino & Associates It’s not often that the Supreme Court is our leadoff hitter, but the arguments in the Trump v. Slaughter case that was [...]
The $2.1 trillion bank taps the former Alliant Credit Union chief to oversee services for companies with up to $25 million in annual sales. Wells Fargo, the fourth-largest bank in the United States by [...]
The Illinois-based lender is partnering with Vertyx and backing a new affordability initiative aimed at unlocking housing mobility. Great Lakes Credit Union, a $1.4 billion-asset institution based in Bannockburn, Ill., has formed a new [...]
An analysis in Geoff Bacino’s newsletter argues that history and candidate recruitment give the party out of power a plausible, if difficult, path to retaking both chambers. With just over 250 days until voters [...]
The purchase would create a nearly $2 billion-asset institution and mark the second whole-bank acquisition by a credit union announced in 2026. Peoples Independent Bancshares Inc., the holding company for Peoples Independent Bank, has [...]
Written By: Jeff Marsico Principal of Strategic Consulting Services Wolf & Company P.C. I occasionally deliver an intriguing presentation at bankers conferences called Predictapalooza: It Could Happen. My premise is that at [...]
The deal expands ABNB’s footprint in north central North Carolina as banks and credit unions continue a steady wave of branch transactions. ABNB Federal Credit Union has reached an agreement to acquire two North [...]
The deal would create a $21 billion institution serving 1.4 million members, continuing a wave of large credit union consolidations nationwide. Suncoast Credit Union, the largest credit union in Florida and one of the [...]
From the Desk of Jason Stverak Chief Advocacy Officer Defense Credit Union Council I serve as Chief Advocacy Officer of the Defense Credit Union Council (DCUC), representing credit unions that support service [...]
The April 2026 deal, approved by state regulators, will add $108 million in assets and expand the lender’s footprint across Northeast Ohio. 7 17 Credit Union will merge with Geauga Credit Union on April [...]
The proposal outlines how credit unions may apply to issue payment stablecoins under the GENIUS Act and sets a public comment deadline of April 13. The National Credit Union Administration on Wednesday unveiled its first proposed [...]
Richard Romero will step down in March 2026 as the $1.1 billion-asset institution prepares for leadership transition. Richard Romero, who has led Seattle Credit Union for more than a decade, said he will retire [...]
Written By: Michael Jamesson Principal Jamesson Associates Free markets and capitalism are frequently conflated. However, the fact of the matter is that capitalists are rarely in favor of free markets. Rather, those [...]
The deal for Citizens Bank & Trust locations would transfer $63 million in deposits and loans as the credit union expands its footprint. Family Savings Credit Union, a $1.1 billion-asset institution based in Rainbow [...]
A new national survey finds overwhelming support for credit unions’ not-for-profit model, as Americans rate them far more favorably than large banks and urge broader access to their services. As national debates intensify over affordability and [...]
Gulf Coast Bank & Trust, buoyed by record earnings, plans to push deeper into the Gulf South and extend its national lending reach, signaling an ambitious next phase for the state’s largest locally owned bank. Gulf [...]
As lawmakers advance a measure targeting interchange fees, financial institutions say the proposal could reshape how residents pay for everyday purchases — with higher costs and new frictions for businesses and consumers alike. A rare coalition [...]
The deal aims to preserve local ties in Western Massachusetts while offering broader services and greater financial scale. Alden Credit Union, a nearly century-old community lender based in Western Massachusetts, announced on Thursday that [...]
Written By: Monica Parks Chief Information Officer Bank3 This isn't just another data breach story. This is a leadership crisis that should shake every organization to its core. Last week, Politico reported [...]
New NCUA call report data analyzed by Tyfone shows BECU edging past Pentagon Federal, reshaping the top five by assets even as earnings surge for most. Year-end call report data for individual U.S. credit [...]
The proposed deal would create a $1.4 billion institution rooted in Catholic social teaching, pending a member vote in March. Notre Dame Federal Credit Union of Indiana and Catholic United Financial Credit Union of Minnesota announced [...]
The appointment caps a seven-year rise at the Silicon Valley lender as its retiring chief steps aside after more than three decades. Star One Credit Union, a $9.3 billion-asset financial institution rooted in Silicon Valley, announced [...]
New rules subject some in-state credit unions to a 1.2% business tax on bank acquisitions, a shift that could alter merger strategies and push deals beyond Washington’s borders. When Washington State quietly revised its tax guidance [...]
From the Desk of Jason Stverak Chief Advocacy Officer Defense Credit Union Council The National Credit Union Administration (NCUA) has wisely adopted a policy direction to “review and potentially revise” all its [...]
The Texas-based credit union plans its first major expansion beyond state lines, combining with an Oklahoma City institution rooted in aviation and community banking. Randolph-Brooks Federal Credit Union, one of Texas’s largest member-owned financial institutions, is [...]
From the Desk of Jason Stverak Chief Advocacy Officer Defense Credit Union Council When Washington’s budget gridlock grinds the government to a halt, the men and women in uniform shouldn’t have to [...]
With Congress racing to avert a funding lapse, financial cooperatives move quickly to cushion the impact on military members, civil servants and contractors. As lawmakers in Washington edged late Wednesday toward a potential deal [...]
Written By: Kirk Kordeleski Partner PARC Street Partners For too long, credit unions have underestimated their potential — and underestimated the importance of leadership transitions. In a time of historic disruption — [...]
A Tyfone analysis of newly released NCUA call reports finds that while some large institutions improved earnings in 2025, others saw profits decline. Year-end call report data from the National Credit Union Administration is [...]
Fourth phase of agency review aims to trim requirements seen as duplicative or unnecessarily restrictive, while preserving safety and soundness. The National Credit Union Administration on Tuesday unveiled the fourth round of proposed regulatory [...]
The deal would bring four community banking brands under Bennington’s umbrella, reflecting a broader push by regional banks to grow while preserving local identities. Bennington State Bank, a Salina, Kansas-based institution with deep roots in the [...]
INDUSTRY NEWS The rule would give federal credit unions discretion to cover childcare and eldercare expenses, a move aimed at widening the pool of board members and easing the burden on unpaid officials. [...]
The move underscores mounting strain on the smallest federally insured lenders, as losses and declining membership prompt stepped-up regulatory intervention. For the second time in less than a week, the National Credit Union Administration [...]
