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 [...]
A planned union between California Coast Credit Union and San Diego County Credit Union, announced as a transformative consolidation, is now stalled by a Superior Court lawsuit challenging the deal’s termination and raising questions about its future. [...]
Eight days into 2026, the credit union–bank acquisition trend has already resumed, underscoring a consolidation pattern that has reshaped parts of the financial services industry in recent years. Zeal Credit Union of Livonia, Michigan, [...]
The case underscores how a small, community-based financial institution unraveled after its chief executive abused his authority, ultimately leading to federal intervention and a merger. A former credit union chief executive in eastern Indiana [...]
High mortgage costs and limited affordability have pushed housing into a downturn, even as recent data hints at tentative buyer interest. As the U.S. economy moves into 2026, the housing market stands out as [...]
The deal brings together accounting, advisory and operational expertise as banks and credit unions face mounting regulatory and technological pressures. Wolf & Company, P.C., a nationally recognized accounting and consulting firm, has acquired the [...]
Michael Magnavita will step down in May 2026 after nearly four decades at the Pennsylvania credit union, with the board naming Chief Operating Officer Drew Stanley as his successor. Franklin Mint Federal Credit Union, [...]
The Los Angeles-based cooperative turns to a veteran lending and retail banking executive as it looks to deepen university partnerships and expand digital tools after a year of leadership transition. University Credit Union, a [...]
New survey data show rapid adoption of electronic workflows alongside unresolved hurdles in system integration and regulatory alignment. Community banks across the United States are accelerating their shift toward digital banking, particularly in lending, [...]
The U.S. Mint’s decision to halt penny production has left credit unions grappling with shortages and uncertainty as industry leaders press lawmakers and regulators for clear rules on rounding and cash transactions. When the [...]
As the Supreme Court weighs a challenge to long-standing protections for agency leaders, the fate of the NCUA’s board — and the independence of financial regulators — hangs in the balance. The National Credit [...]
The deal would expand Greylock Federal Credit Union into Franklin County as both institutions say the partnership strengthens community banking at a moment of heightened industry consolidation. Greylock Federal Credit Union and Franklin First [...]
The North Fulton startup secured state and federal authorization to open as organizers move to complete a capital raise, marking a noteworthy step in an era when new bank charters have become exceedingly uncommon. [...]
The credit union said longtime leader Dwayne Naylor will step down in January as Dave D’Annunzio prepares to assume the role amid recent operational challenges and a major merger. Civic Credit Union announced on Tuesday that [...]
The National Credit Union Administration grants a new charter in California, marking the third de novo credit union formed in 2025 as the industry continues to contract. A new financial institution will soon open its doors [...]
Federally insured credit unions expanded to $2.4 trillion in assets and added 3.1 million members in the third quarter of 2025, NCUA data shows. Federally insured credit unions ended the third quarter of 2025 [...]
The agreement, which would give the combined company $5.4 billion in assets, marks South Plains’ latest push to build scale across the state as Houston remains one of the nation’s fastest-growing banking markets. South Plains Financial, [...]
The appointment of Bryce Mortensen marks a major leadership transition for the Milwaukie-based credit union as it expands its technological ambitions and prepares for its next phase of growth. Oregonians Credit Union, a $338 [...]
The proposed deal, which awaits a member vote and regulatory approval, would unite two Ogden-founded credit unions into a $4 billion-asset organization with 55 branches. Ascent Federal Credit Union, a small but longstanding institution [...]
The acquisition of Citizens National Bank’s Hammond and Morristown branches marks a strategic shift for the North Country credit union, even as members recently rejected a larger merger. St. Lawrence Federal Credit Union, a [...]
The deal would create the nation’s fourth-largest credit union as Washington-based BECU enters California for the first time, adding 17 branches in the Sacramento region. Boeing Employees Credit Union, better known as BECU, is [...]
The agreement, pending regulatory approval, would create a $4.7 billion-asset financial institution serving more than 440,000 members and customers. GECU, El Paso’s largest locally owned federal credit union, announced that it has agreed to [...]
The move keeps longtime chief executive Bruce Brumfield in place after his planned succession is abruptly halted. Founders Federal Credit Union has halted its long-planned leadership transition after confirming that Keith Wilson, its president [...]
The financial services firm forecasts weaker expansion and continued restrictive monetary policy despite gradual rate cuts. The U.S. economy is expected to grow more slowly in 2026 as persistent inflation, uncertain tariff policies, and restrictive monetary [...]
The $2.8 billion institution will pay more than $500,000 in additional premiums next year, keeping employee costs flat despite double-digit rate increases. As health care costs continue to climb nationwide, Arkansas Federal Credit Union is taking [...]
The deal transfers four branches and $83 million in deposits as Southern Bank sharpens its commercial focus and Palmetto Citizens grows beyond South Carolina. Southern Financial Corporation and its subsidiary, Southern Bank, announced Tuesday that [...]
C. Brett McDowell says technology enhances convenience but can never substitute for the trust, empathy, and relationships that define community banks’ role in Texas life. As banking technology races toward an all-digital future, C. [...]
A new survey by the Vienna-based credit union reveals widespread misconceptions among servicemembers and veterans about VA home loans, underscoring a need for better education. Navy Federal Credit Union recently released new research highlighting persistent confusion [...]
The deal, expected to close in early 2026, will preserve customer ownership while expanding services and community investment across Central Ohio. First Federal Lakewood, the largest mutual bank headquartered in Ohio, announced on Wednesday that it [...]
The Tustin-based SchoolsFirst FCU posted nearly $184 million in third-quarter earnings and surpassed $34 billion in assets, marking double-digit growth while opening a new branch in Burbank and solidifying its place among the nation’s top three credit unions. [...]
717 Credit Union, already northeastern Ohio’s largest credit union, aims to grow its footprint and invest in community initiatives as membership growth accelerates in 2025. 717 Credit Union, the largest credit union headquartered in northeastern [...]
The tie-up of Houston’s largest and one of its oldest credit unions would form a financial cooperative serving more than 460,000 members across Texas, pending approval. Two of Houston’s most established credit unions — TDECU and [...]
The Portland-based credit union received regulatory approval to extend services, continuing its growth across the region. OnPoint Community Credit Union, the largest credit union headquartered in Oregon, announced it has expanded its field of [...]
Southern Energy, Landmark, and Kerr County credit unions announce new chief executives, each bringing deep experience and fresh vision to serve their expanding member bases. In a wave of leadership changes across the credit [...]
Community banks report that their fiercest competition still comes from peers, but nonbanks and credit unions are making strategic gains in key service areas. In the 2025 Annual Survey of Community Banks by the [...]
Michael Baker, president and CEO of the $1.9 billion credit union based in Sumter, S.C., and his wife, Carrie, are in intensive care following a weekend crash. The president and CEO of SAFE Federal [...]
The Co-Founder, President & COO of Portland-based Tyfone is recognized for his influential leadership and vision that has driven both employee and customer satisfaction. Prabhakar Tadepalli, co-founder and president/COO of Tyfone, has been named [...]
With new branches opening in Goodyear, Mesa, and Queen Creek, and a landmark acquisition of a $1.4 billion bank, the credit union underscores its growing influence in a rapidly changing financial landscape. America First Credit Union [...]
Tom Rogers, current COO and former CFO, will succeed Masood at the helm of one of the nation's largest credit unions. Faheem Masood, who has served as President and CEO of ESL Federal Credit [...]
Digital Federal Credit Union and First Tech Federal Credit Union cleared a key hurdle with NCUA approval, setting the stage for a member vote and the creation of the fifth-largest credit union in the country. [...]
Arlington Community and CommonWealth One Federal Credit Unions plan a 2026 merger, combining resources while retaining local focus and member services. In a true merger of equals, two Northern Virginia-based credit unions — Arlington Community [...]
With government funding set to expire Sept. 30, credit unions including Members 1st and Navy Federal are readying financial aid programs for federal workers and service members. With just hours remaining before a Sept. 30 [...]
The Kansas-based lender plans a consolidation that would expand its national footprint, preserve branch operations, and rank it among the largest U.S. credit unions. CommunityAmerica Credit Union of Lenexa, Kansas, has proposed a merger [...]
The $23 billion-asset Utah-based organization would be by far the largest credit union to ever buy a bank in U.S. history. In a significant development in the ongoing convergence of credit unions and traditional [...]
The Minneapolis-based credit union will begin digital operations in December after becoming the first to benefit from the NCUA’s new chartering initiative. Tribe Federal Credit Union, the first credit union in the nation to [...]
With a member vote finalizing the deal, the two Florida-based credit unions will officially merge on October 1 under the Addition Financial name, forming a $3.8 billion institution. Members of Envision Credit Union have overwhelmingly [...]
Cardinal Credit Union is launching a stock rewards program with fintech partner Bits of Stock to help members aged 18 to 28 begin building wealth through everyday spending. Cardinal Credit Union in Mentor, Ohio, [...]
Testifying before the Senate Banking Committee, Peter Rice says deposit insurance gaps push funds to megabanks, destabilizing communities, payrolls, and the defense supply chain. The head of Hanscom Federal Credit Union delivered a stark [...]
The Poughkeepsie-based credit union, which recently acquired a community bank, will ask its 381,000 members to vote on the change at a September 30 meeting. Hudson Valley Credit Union has applied to convert from [...]
While federally insured credit unions saw a $82 billion asset increase and added 2.8 million members, smaller credit unions continued to lose ground in loans, membership, and market share. In its latest quarterly data [...]
By introducing the Smart-E loan in Fort Wayne, the partners aim to help homeowners finance energy efficiency upgrades, reduce utility costs, and lay the groundwork for statewide expansion. In a bid to make home energy upgrades [...]
The leadership transition includes the appointment of a lead independent director and a new board member as the company strengthens its governance. West Coast Community Bancorp, the parent company of West Coast Community Bank, [...]
Institutions in Maryland and Indiana announce plans to combine, forming larger, more competitive, member-focused organizations. In a sign of continued consolidation within the credit union sector, two separate mergers were announced recently involving institutions [...]
Members First of Maryland becomes the fifth credit union liquidated in 2025 as small institutions face mounting pressures. In what may be another sign of the stresses on small credit unions, the National Credit Union [...]
The move, part of a broader trend of credit unions acquiring community banks, expands Land of Lincoln’s footprint in Central Illinois and brings its total assets to over $570 million. Land of Lincoln Credit Union [...]
A new survey shows 84% of credit union professionals expect growth or stability in auto portfolios, even as rising rates, tariffs, and affordability challenges reshape the lending landscape. Credit unions are generally more optimistic [...]
A new report from CUES found that total compensation for credit union CEOs rose more than 10% in the past year. Executive compensation in the credit union industry is surging, with top leadership roles seeing notable [...]
Former National Credit Union Administration board member Geoff Bacino writes that the agency effectively has its hands tied until the makeup of the board is resolved. In a dramatic series of legal and political [...]
Calling the task “daunting,” the former California and Nevada Credit Union Leagues CEO said he’s up to the challenge. Scott Simpson knows the job will not be easy Simpson, a seasoned credit union advocate [...]
Many credit unions struggle to bridge the gap between the ideal of seamless digital experiences and the reality of outdated systems and cost concerns. A new article from McKinsey spotlights the need for credit [...]
The merger, which should be wrapped up by the fall, will create an institution with more than 48,000 members across a six-state footprint. In a strategic move to expand its footprint in the Deep [...]
A survey conducted by S&P Global revealed that 78.6% of respondents expect an increase in lending. Bankers are cautiously optimistic about loan growth during the next year, according to the second-quarter 2025 U.S. Bank [...]
While Navy Federal, the world’s largest credit union, grew its assets by $11 billion in the first six months of 2025, its earnings fell by 7%. Quick: Name the three largest credit unions in [...]
Perhaps most notably, Brandon Michaels has resigned as president and CEO of $3.6 billion-asset OneAZ Credit Union after just two years on the job. The past week has seen a flurry of changes at [...]
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 [...]
