Industry News

Community bank CEOs: CFPB had it coming

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 [...]

Great Lakes CU uses M&A to forge steep growth trajectory

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 [...]

CU-bank deals: A look back and a look forward

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 [...]

P.T. Barnum and the credit union-bank feud

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 [...]

No SSN, no problem, says Massachusetts credit union

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 [...]

Why isn’t the NCUA chartering more de novos?

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 [...]

Go to Top