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 [...]
CEO warns that current conditions are forcing small CUs to look for partners. Nutmeg State Financial Credit Union in Rocky Hill and First Bristol Federal Credit Union in Hartford said this week that First [...]
1st Choice Credit Union becomes the first institution conserved by the regulator in 2024. The National Credit Union Administration said the action was taken in consultation with the Georgia Department of Banking and Finance. [...]
Tyfone CEO and Co-Founder Siva Narendra was named a finalist in the American Banker 2024 Innovator of the Year Awards. The trade publication named Narendra one of the 20 people doing the most this [...]
The $4.4 billion-asset Apple FCU announced plans to merge with $532 million-asset NextMark Credit Union. The combined credit union will have more than 260,000 members and 25 branches throughout Northern Virginia, the institutions said [...]
The regulator granted a federal charter and share insurance fund coverage to Tribe Federal Credit Union in Minneapolis. Tribe is the first federal credit union to receive a charter under the NCUA’s provisional charter [...]
Richland, Washington-based Gesa Credit Union plans to acquire Centralia, Washington-based Security State Bank. The $5.5 billion-asset Gesa CU becomes the fourth credit union to announce the acquisition of a Washington bank in 2024. Earlier [...]
