Colorado’s largest credit union by assets, the $4.8 billion Ent Credit Union, said Monday its President/CEO Randy Bernstein will retire in October. His successor will be Chad Graves, the cooperative’s current senior executive vice president of operations...
Credit Union Industry News & Updates
The Credit Union & Banking worlds are changing faster today than they ever have. Keep informed about what’s going on in the industry.
WHAT’S GOING ON AT CREDIT UNIONS?
Taxi Loans Lead to LOMTO Conservatorship
The NCUA has taken control of a New York credit union that lost millions as taxi investments lost value with competition from Uber and other ride-sharing apps. NCUA said on Monday it conserved LOMTO Federal Credit Union in Queens ($256.1 million in assets, 2,910...
PenFed CEO Honored as CU Hero of the Year: ACUC Onsite
PenFed President/CEO James Schenck, right, receives the Credit Union Hero of the Year award from CUNA President/CEO Jim Nussle, left. LAS VEGAS – CUNA President/CEO Jim Nussle honored James Schenck, president/CEO of the $20.2 billion Pentagon Federal Credit...
Credit Unions, WOCCU & Others Welcome New Talent
During the past week, the credit union industry has seen a lot of new people coming into new roles. WEST The $3.4 billion Redwood Credit Union based in Santa Rosa, Calif., hired Reid Louie as assistant vice president/regional manager of branch...
It’s Time to Move Digitally: ACUC Onsite
Todd Clark, president/CEO of CO-OP Financial Services, discusses how credit unions can keep up in today's digital world. LAS VEGAS – Credit unions must retire the phrase “digital strategy.” In a world where apps like Uber and Airbnb are setting the...
Crowdfunding Tour Enlisting Credit Union Partners
New York City-based GrowthFountain, an equity crowdfunding platform, is preparing for “The Heartland Tour,” to shine the spotlight on business startups and get credit union partners involved in the process. GrowthFountain plans ten U.S. stops, in...