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Why did the NCUA cancel its March meeting?

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 [...]

Alaska’s largest credit unions find growth through M&A

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 [...]

Second CU-bank deal of 2025 lands in the Windy City

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 [...]

Houston group nabs first federal charter of 2025

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 [...]

Faith-based credit unions to merge in Michigan

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 [...]

NCUA, FDIC announce transparency rollbacks

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 [...]

Former NCUA board member sounds the alarm bells on Trump moves

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 [...]

Genesis Bank to acquire Cali peer in all-cash deal

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 [...]

Red Canoe CU in Washington taps insider as next CEO

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, [...]

Missouri CUs merge to cross critical $1B mark

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 [...]

Wisconsin bank to merge as longtime CEO retires

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 [...]

Navy Federal grows while SECU, PenFed stagnate

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 [...]

Landmark CU in Wisconsin begins search for next CEO

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 [...]

California’s first-ever deal kicks off 2025 CU-bank M&A

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 [...]

Chicago bank becomes first failure of 2025

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 [...]

BECU digs in to defend home turf in Washington

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 [...]

MDIs, wildfires top of mind for shifting NCUA board

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 [...]

Turning the tables: Bank to buy credit union

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 [...]

SECU supports local rehab facility with $1 million grant

SECU Foundation, the charitable wing of the nation’s second-largest credit union, said the funds will help with an expansion of TROSA’s Durham campus. SECU Foundation, the charitable arm of State Employees’ Credit Union in [...]

Snacks first, then cash for credit union robber

Joseph Sledge was recently convicted of robbing a credit union in Alaska, but he had a stop to make before he spoke to the teller. An Anchorage man walked into a Global Credit Union [...]

Bethpage FCU turning over a new leaf

The 15th largest credit union in the U.S. will become FourLeaf FCU early next year. Bethpage Federal Credit Union is rebranding to become FourLeaf Federal Credit Union. Bethpage, the fifteenth largest credit union in [...]

Michigan Credit Union strikes another deal for a Florida bank

Its acquisition of First Citrus Bank last year apparently increased DFCU Financial’s appetite for bulking up in Florida through bank acquisitions. DFCU Financial is doubling down on Florida. The Dearborn, Michigan-based credit union announced [...]

CEO to retire from Connexus CU in Wisconsin

The $4.6 billion-asset credit union said EVP and chief operating officer Chad Rogers will replace outgoing CEO Boyd Gustke on an interim basis. Boyd Gustke will retire from his post as president and CEO [...]

TruWest taps insider to be next chief executive

After working at the Tempe-based credit union for 12 years, Chris Kearney took the reins as its new CEO effective Sept. 30. TruWest Credit Union in Tempe, Arizona, promoted Chris Kearney to be its [...]

West Virginia bank sells to South Carolina credit union

REV Federal Credit Union in Summerville, South Carolina, will enter ‘almost heaven’ with the acquisition of First Neighborhood Bank in Spencer. For the first time ever, a West Virginia-based community bank plans to sell [...]

Georgia Heritage FCU finds next CEO at in-state peer

The $149 million-asset institution hired Matt Selke to replace retiring chief executive Dale Taratuta. Georgia Heritage Federal Credit Union in Savannah has named Matt Selke as its next president and CEO. Selke most recently [...]

Northwest FCU secures Commanders’ stadium naming rights

Northwest Federal became the NFL’s Washington Commanders’ official credit union partner last year, and the two sides have now taken the relationship to the next level. Northwest Federal Credit Union has acquired the naming [...]

Navy Federal sails into the City of Brotherly Love

The world’s largest credit union has opened three branches in Philadelphia and has more on the drawing board. Navy Federal Credit Union is making a push into the Philadelphia area. The world’s largest credit [...]

UCCU taps insider as next chief executive

Justin Olson will replace retiring Bret VanAusdal as the CEO of Utah Community Credit Union. Utah Community Credit Union has named Justin Olson as its next president and CEO. Olson has been with the [...]

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