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 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. [...]
INDUSTRY NEWS The purchase of a Charlevoix bank branch and the completion of a separate Upper Peninsula acquisition underscore how credit unions are steadily reshaping community banking in Michigan. When 4Front Credit Union [...]
INDUSTRY NEWS A lack of bank sellers and economic uncertainty could be contributing to the recent lag in CU-bank deals. After a record-setting pace in 2024, credit union acquisitions of banks are showing [...]
INDUSTRY NEWS Tyfone recently sat down with Pat Conway during the CrossState Credit Union Association’s “Connect” conference in Bethlehem, Pennsylvania. Conway, the group’s president and CEO, spoke about the threat to the credit union tax exemption as [...]
INDUSTRY NEWS Whether the former NCUA board member will ultimately be reinstated is up for conjecture, but if Harper goes down, he’s going down swinging. It has been one tumultuous month since President [...]
INDUSTRY NEWS Like credit unions in almost every state, Ohio institutions have been challenged lately in bringing in new members, but returning to fundamentals could be the key to success. Membership growth is [...]
INDUSTRY NEWS If you follow the credit union space you’ve heard of the National Association of State Credit Union Supervisors, but what exactly do they do, and why does it matter? Brian [...]
INDUSTRY NEWS Thousands were in attendance at America’s Credit Unions’ Governmental Affairs Conference in Washington D.C. last week – the largest get-together on the credit union calendar. Tyfone was there too, and here are some of our [...]
INDUSTRY NEWS At America’s Credit Unions’ Governmental Affairs Conference this week, panelists suggested that commercial lending still remains a vastly untapped market for CUs. The reasons that credit unions seek to acquire community banks [...]
INDUSTRY NEWS Tyfone spoke with the CEOs of four community banks, who said that while the fate of the CFPB remains murky, the outcome is likely to be better than things were. What [...]
INDUSTRY NEWS The $1.6 billion-asset institution has doubled its size since CEO Steven Bugg took over in 2018. Great Lakes Credit Union continues to use M&A as a vehicle to rapid growth.The Bannockburn, Illinois-based credit [...]
INDUSTRY NEWS Last year saw a record number of deals involving credit unions buying community banks, but those in the know say you ain’t seen nothing yet. Twenty-two times in 2024 banks across [...]
INDUSTRY NEWS Could the banking trades be hurting their own cause by railing so vehemently against the credit union industry? It was American showman P.T. Barnum who was famously quoted as once quipping [...]
INDUSTRY NEWS The NCUA’s proposed rule on succession planning could have a two-pronged effect – putting a chill on mergers and forcing older credit union directors to consider stepping down. A lack of [...]
INDUSTRY NEWS The regulator this week unveiled its 2025 budget, slammed Vystar Credit Union and banned four credit union workers for life. It’s been a busy week for the National Credit Union Administration. [...]
INDUSTRY NEWS SouthCoast FCU says a passport and a proof of address is enough to get a banking relationship started. SouthCoast Federal Credit Union in New Bedford, Massachusetts, will now open accounts for [...]
INDUSTRY NEWS The largest credit union in the world adds more new members each year than the total membership of most credit unions, and there’s no end in sight. So just how much [...]
INDUSTRY NEWS Few community financial institutions were impacted by the CrowdStrike-induced IT outage earlier this month, but it served as a good reminder to double check licensing agreements and vendors. Many credit unions [...]
INDUSTRY NEWS While some credit unions are doubling down on branches, they still recognize the need to keep up with the Joneses in the digital space. Most bank and credit union CEOs agree [...]
INDUSTRY NEWS The regulator has approved only three new federal charters this year and just 29 in the past ten years. The number of credit unions in the U.S. continues to shrink, and [...]
INDUSTRY NEWS With 12 new deals pending, 2024 has already exceeded the 11 transactions announced last year. Few issues raise the ire of community bankers as much as credit unions buying banks. And [...]
