News

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 [...]

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 [...]

State regulators closed the $49.5 million-asset bank on Friday after fraud caused $28.5 million in losses to the FDIC’s deposit insurance fund. In the first bank failure of 2025, Pulaski Savings Bank in Chicago [...]

The $29.7 billion-asset Boeing Employees CU already boasts 1.5 million members but is seeking more in its home state. Boeing Employees Credit Union, the fifth-largest credit union in the U.S., is expanding its reach.The Tukwila, Washington-based [...]

Todd Harper, who was likely serving as the agency’s board chairman for the final time, said he is extremely proud of the regulator’s accomplishments during the past four years. The National Credit Union Administration [...]

Ryan Drake only held the CEO position for a year before he and the credit union’s board decided a change was needed. Our Community Credit Union in Shelton, Washington, is looking for a new [...]

The National Credit Union Administration took control of a struggling credit union for the second time in two months. Butler Heritage Federal Credit Union in Middletown, Ohio, became the first credit union to be [...]

M&A deals involving credit unions buying banks have been on the rise in recent years, but the reverse transactions are extremely rare. A record number of deals in which credit unions acquired community banks [...]

The Kansas-based organization said it will have at least eight locations in the Gateway City after merging with Electro Savings Credit Union. CommunityAmerica Credit Union plans to bolster its presence in St. Louis through [...]

Nutmeg State Financial Credit Union CEO John Holt said the CFPB may indirectly be forcing credit unions to increase loan rates to cover other costs. What are the primary issues that credit union CEOs [...]

Cheney FCU and Gulf Coast Educators FCU both welcomed new chief executives into the fold as the calendar flipped to 2025. Gulf Coast Educators Federal Credit Union in Pasadena, Texas, has named Eric Stegall [...]