Many credit unions struggle to bridge the gap between the ideal of seamless digital experiences and the reality of outdated systems and cost concerns.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 [...]
Written By: Tim Scholten President & Founder Visible Progress LLC SaaS may be necessary for many banks and credit unions to innovate faster and provide a better digital experience for their clients. [...]
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 [...]
From the Desk of Jason Stverak Chief Advocacy Officer Defense Credit Union Council Every year, Congress passes the National Defense Authorization Act (NDAA) – a must-pass bill vital to national security. DCUC [...]
Written By: Kirk Kordeleski Partner PARC Street Partners For too long, credit unions have underestimated their potential. In a time of historic disruption—where traditional banks are retreating, where AI and digital-first platforms [...]
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 [...]
Written By: Armand Parvazi Strategic Advisor CUCollaborate Over the last week, I’ve spoken with dozens of credit union leaders who are relieved that our industry was able to maintain our tax-exempt status [...]
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 [...]
From the Desk of Jason Stverak Chief Advocacy Officer Defense Credit Union Council As Congress turns its attention to the 2026 National Defense Authorization Act (NDAA), I urge lawmakers to reject any attempt [...]
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 [...]
Originally published on CUInsight.com Written By: Brian Lee President and CEO Arizona Central Credit Union My oldest child recently graduated from high school. One of her talents is singing, and she [...]
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 [...]
Written By: Alan Bergstrom Founder Bergstrom Consulting Services We seem to be entering yet another cycle—a season marked by headlines announcing yet another small credit union merging into a larger one. And [...]
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 [...]
Written By: David Murphy President Marshfield Medical Center Credit Union On April 4, 2025, Jim Nussle, President and CEO of America’s Credit Unions (ACU), announced his intention to retire—concluding more than 11 [...]
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 [...]
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 [...]
