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 [...]
Written By: Cynthia Rohde Managing Director Artisan Advisors EIGHT SECONDS. That may be the most important number that you take away from this story. You have 8 seconds to grab Gen Z’s attention. [...]
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 [...]
Written By: Jason Stverak Chief Advocacy Officer Defense Credit Union Council When the COVID-19 pandemic struck in early 2020, America’s credit unions rose to meet the moment. Amid unprecedented economic disruption, they [...]
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 [...]
Chief Operating Officer Andy Rush will take the helm of the $3.6 billion-asset credit union in October in conjunction with the retirement of Derrick Ragland Jr. Southern Energy Credit Union in Birmingham, Alabama, named [...]
Written By: Michael Murdoch AVP of Marketing University Credit Union I find myself explaining this more often than I care to: Credit Unions pay taxes. We pay payroll taxes. We pay [...]
Allegent Community FCU found its new leader in house, while Franklin Mint FCU prepares to cross the $2 billion threshold through a merger. Allegent Community Federal Credit Union in Pittsburgh named Michael Korhnak as [...]
Jay R. VanSickle II was fired by Main Street Bank almost exactly one year after Wayne Savings Community Bank merged with Main Street last May. Main Street Bank in Wooster, Ohio, last week fired [...]
The $2.7 billion-asset credit union added 16 counties to its field of membership as well as San Antonio and the Texas capital of Austin. First Community Credit Union in Houston is expanding its field [...]
Total credit union loans and membership are rising, but the growth is tepid and primarily occurring among the largest credit unions. The National Credit Union Administration Thursday released its comprehensive industry data for the [...]
Written By: Phil Sutliff Credit Union Executive/ Strategic Growth Consultant LeadFirst IQ Imagine a lighthouse replaced by a skyscraper. One stands anchored, casting light for the community. The other rises high, built to [...]
Dr. Siva Narendra, Tyfone’s CEO and co-founder, was named the winner in the Tech Leadership - Visionary CEO category in the Banking Tech Awards USA for 2025. The winners were announced at [...]
The $8.3 billion-asset Members 1st Credit Union in Pennsylvania anticipates hitting the $10 billion-asset mark as soon as within the next two or three years. It is not a question of if but when [...]
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 [...]
Avenir Financial will increase its assets by 50% and expand its footprint to Kingsman with the acquisition of $194 million-asset Mission Bank. In the eighth credit union-buying-bank deal announced in 2025, Avenir Financial Federal [...]
The proposed merger of Del-One FCU and Louviers FCU would create an institution with 16 branches serving more than 100,000 members. Del-One Federal Credit Union, the largest credit union based in Delaware, is about [...]
Written By: Jeff Marsico President The Kafafian Group Community banking has almost achieved Kleenex or Xerox fame, being generalized to the point of meaninglessness. PNC ($557 billion in total assets) calls itself [...]
Tyfone’s Digital Banking Podcast was recently named to MillionPodcasts’ ranking of the Top 70 Banking Podcasts. MillionPodcasts ranked the Digital Banking Podcast #21 on the list, behind a small group including “Banking Transformed with [...]
The $8.3 billion-asset credit union in Enola experienced a 53% increase in net income in the first quarter. Earnings growth has been a struggle of late for many U.S. credit unions. The National Credit [...]
In the first meeting of the National Credit Union Administration’s board since February, the regulator outlined plans to drastically reduce its workforce in the coming months. The National Credit Union Administration board on Thursday [...]
Written By: Jim Rieniets President and CEO INSBANK For most every year since the Great Recession, I’ve joined a delegation of Tennessee bankers for an annual trip to DC to meet with [...]
After chartering four new credit unions in 2024, the NCUA awarded its second charter of the year to African Diaspora Federal Credit Union in Missouri. The National Credit Union Administration has handed out the [...]
Founded less than 20 years ago, River Valley Community Bank has grabbed an increasingly large piece of the lending pie in the region. River Valley Community Bank In Yuba City, California, is bulking up for [...]
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 [...]
Written By: Brian Waldron President and CEO Dort Financial Credit Union Todd Harper’s interview last week with Brookings and his subsequent post is disingenuous to the credit union movement. Brookings provided [...]
The $5.9 billion-asset STCU Tuesday night announced the departure of longtime CEO Ezra Eckhardt. Ezra Eckhardt is out as President and CEO of Spokane Teachers Credit Union in Liberty Lake, Washington. The $5.9 billion-asset [...]
The third tie-up announced in the past week will create an $850 million-asset credit union in the Constitution State. Connecticut has been a hotbed for credit union merger activity of late. Most recently, Nutmeg [...]
Chickasaw Community Bank will add $100 million in assets with the purchase of Oklahoma Heritage Bank. Chickasaw Community Bank in Oklahoma City, Oklahoma, said it plans to acquire Oklahoma Heritage Bank, in Ada. Terms [...]
Written By: Tim Scholten President and Founder Visible Progress LLC In an era of rapid digitization, where mobile apps and automated services dominate financial interactions, the concept of relationship banking remains not [...]
The $2.2 billion-asset CDFI is based in North Carolina but does most of its business in California. For the second time this week, Connecticut-based credit unions have announced a merger. First, CorePlus Federal Credit [...]
The yet-unnamed institution will serve nearly 50,000 members with nine branches across the state. CorePlus Federal Credit Union in Norwich and Scient Federal Credit Union in Groton plan to merge and form a Connecticut [...]
The deal is the seventh announced this year involving a credit union buying a bank. Frontier Credit Union in Idaho Falls, Idaho, will expand its footprint into Montana through a bank purchase. The $698 [...]
The world’s largest credit union grew its assets by almost $10 billion in the first three months of 2025. Navy Federal Credit Union surpassed the $190 billion asset mark in the first quarter of [...]
Written By: Aaron Goff Credit Union Executive & Principal AG Executive Consulting You don’t have to be Nostradamus to see that the credit union industry is staring down a serious identity crisis. [...]
In the first credit union closure in two years, the NCUA Wednesday shuttered Unilever Federal Credit Union. The National Credit Union Administration Wednesday closed Unilever Federal Credit Union of Englewood Cliffs, New Jersey. The [...]
The two former NCUA board members said having three members overseeing the agency instead of a single administrator protects consumers, better insures deposits and maintains the system’s overall safety and soundness. Former National Credit [...]
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 [...]
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 [...]
Digital banking provider Tyfone was recognized as a finalist in three categories for the Banking Tech Awards USA for 2025. The Portland, Oregon-based company was named as a finalist in the Best Credit Union/Community Bank [...]
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 [...]
Written By: Geoff Bacino Founder and CEO Bacino & Associates The most seismic day in the history of the National Credit Union Administration board took place on April 16th when board members Todd Harper [...]
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 [...]
Originally published on CUInsight.com Written By: Brian Lee President and CEO Landings Credit Union I was fortunate to be hired as the CEO of Landings Credit Union in January 2020 at [...]
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 [...]
Written By: Ron Mercer, CPA Director Artisan Advisors Workout may be making a comeback. Current economic uncertainty may cause more troubled loans, in which case focus will shift from normal operations to [...]
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, [...]
Written By: Jeff Cardone Partner Luse Gorman, PC As Congress considers legislation to reform U.S. tax policy, the credit union tax exemption is a frequent topic of debate and a point of [...]
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 [...]
Written By: Bruce Kershner Founder and CEO Kershner & Co. The community banking sector, long defined by its deep-rooted customer relationships and localized decision-making, is at a transformational crossroads. Artificial Intelligence (AI) is [...]
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 [...]
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 [...]
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, [...]
Written By: Sam Brownell Founder and CEO CUCollaborate In financial services, data is the ultimate competitive edge. The largest banks, fintechs, and emerging digital players have leveraged vast datasets to overhaul underwriting, optimize [...]
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 [...]
Written By: David Murphy President Marshfield Medical Center Credit Union Last year, the financial services industry was shaken by the announcement of a multi-billion-dollar merger between First Tech Federal Credit Union and Digital Federal [...]
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 [...]
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 [...]
Written By: Daniel Prezioso Partner Olden Lane As the credit union industry gathers in the nation’s capital for America’s Credit Unions’ annual Governmental Affairs Conference, several risk factors ought to be top [...]
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 [...]
Written By: Alan Bergstrom Founder Bergstrom Consulting Services It happens all the time — when budgets get tight, marketing is often one of the first things to be cut. This is especially [...]
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 [...]
Written By: Jason Stverak Chief Advocacy Officer Defense Credit Union Council The National Credit Union Administration serves as the cornerstone of the U.S. credit union system, ensuring its safety, soundness, and independence. [...]
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 [...]
