Federal complaint alleges years of concealed transfers funded luxury purchases, real estate and personal accounts as regulators move to stabilize the institution. The former president and chief executive of Jackson Area Federal Credit Union [...]
New research from TruStage points to slowing vehicle sales and shrinking loan balances, suggesting continued pressure on one of credit unions’ most important lending categories. Credit unions are likely to face another challenging year [...]
Stars and Stripes reported that a former Army recruiter admitted using prospective recruits’ identities to open fraudulent accounts at the world’s largest credit union, underscoring the ongoing challenge of identity theft in military financial services. [...]
Net income across federally insured credit unions jumped more than 30% in the first quarter, offering fresh evidence that the industry is benefiting from a more favorable lending environment even as consolidation continues. The [...]
After 45 years at the institution, David Suvall will retire as chief executive, handing the reins to another veteran executive as profits rise. The leader of one of Rhode Island’s established financial cooperatives is [...]
California’s largest credit union is opening seven new locations, underscoring a growing belief that physical branches still matter even as banking moves increasingly online. For years, the banking industry largely agreed on one thing: [...]
The proposed deal would unite two healthcare-focused institutions and add nearly 30,000 members to Baxter Credit Union’s growing footprint. Baxter Credit Union, a $6.5 billion-asset institution based in Vernon Hills, Ill., has agreed to [...]
The deal gives the Mentor-based credit union a foothold in downtown Cleveland while preserving a niche institution long focused on serving musicians and artists. Cardinal Credit Union is expanding its presence in Northeast Ohio [...]
The move follows months of regulatory oversight and comes as federal regulators grapple with mounting challenges among the nation’s smallest credit unions. A small California credit union that spent months under federal conservatorship has [...]
The Oregon credit union turns to a longtime industry leader as it looks to move beyond a leadership transition and a difficult financial year. Forrit Credit Union has appointed veteran credit union executive Aaron [...]
The enforcement actions include one criminal-conviction case and four consent orders involving allegations that collectively caused millions of dollars in losses to credit unions. The National Credit Union Administration has permanently barred five former [...]
The Denver-based credit union is using humor and a fictional banking executive to highlight longstanding differences between credit unions and traditional banks. As tensions between banks and credit unions continue over taxation and industry [...]
Two recent bank sales highlighted a broader debate in regional banking over whether midsize institutions can still compete as technology costs and regulatory demands rise. At a banking conference in Dallas this spring, two [...]
The Virginia-based lender is opening new branches in Virginia Beach and Utah even as more members shift toward digital banking tools. At a time when many financial institutions are shrinking their physical footprints, Chartway Credit Union [...]
A session at CrossState’s annual Connect conference highlighted how smaller financial institutions are trying to keep younger members engaged long after the first savings account is opened. At a conference in Atlantic City this week, executives [...]
Geoff Bacino said John Crews’ nomination answers who may lead the agency next, but leaves unresolved questions about the future composition — and institutional knowledge — of the NCUA board. The White House nomination of John [...]
As credit unions acquire more community banks, industry groups in Ohio are escalating a battle over taxes, lending and the future of local finance. A fight that has simmered for years between banks and credit unions [...]
A proposed tie-up between LOC Credit Union and Advantage One Credit Union would create a $750 million institution serving members statewide as smaller lenders grapple with rising technology costs and competitive pressure. Two Michigan credit unions [...]
The acquisition gives the Michigan-based credit union a larger foothold in the Chicago market as credit unions continue pushing deeper into community banking. Michigan State University Federal Credit Union has completed its acquisition of Gold Coast [...]
The upstate lender is betting that a larger physical presence in Rochester can strengthen its position in an increasingly competitive regional banking market. Community Bank is expanding its footprint across the Rochester region with [...]
The El Paso credit union is entering a new phase of growth as it pursues a bank acquisition and expands deeper into Texas and New Mexico. GECU, the largest locally owned financial institution in [...]
The Sacramento credit union is deepening its presence on campus as rising student demand for food, housing and financial support reshapes how colleges and financial institutions work together. Golden 1 Credit Union will invest [...]
Jackson Area Federal Credit Union becomes the third institution conserved by regulators this year as pressure mounts on smaller lenders. The National Credit Union Administration has placed Jackson Area Federal Credit Union into conservatorship, [...]
The proposed partnership between Team One and CASE reflects a broader push among regional lenders to scale operations and meet rising digital expectations. Two Michigan-based credit unions with roots in serving educators and local communities have [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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, [...]
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 [...]
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 [...]
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 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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
Veteran credit union executive will take the helm in February, succeeding Kevin Ryan after a year of leadership transition. Financial Center First Credit Union, a nearly $900 million institution serving central Indiana, announced this [...]
Action against People Trust Community Federal Credit Union follows recent interventions as regulators confront mounting losses and thin capital at the smallest lenders. The National Credit Union Administration on Friday placed People Trust Community [...]
Fresh off a merger creating a $20 billion cooperative, the Minnesota-based lender aligns with the Timberwolves and Lynx amid broader debates over credit unions’ expanding reach. Just weeks after completing a merger that vaulted [...]
The $98 million community bank near the Ohio–Michigan line says the new name reflects its roots in northwest Ohio while signaling ambitions beyond a single village. For more than eight decades, Metamora State Bank has carried [...]
Whitesville Community Credit Union’s rapid merger with a struggling Owensboro institution reflects both regional growth ambitions and the mounting pressures on the smallest lenders. Whitesville Community Credit Union, a $33.2 million cooperative based in [...]
