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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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, [...]
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 [...]
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 [...]
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, [...]
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 [...]
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 [...]
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 [...]
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 [...]
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, [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
