Credit unions in Wisconsin, Florida and Wyoming publicly announced new CEOs in March. Linda B. Hoover (pictured) was appointed president/CEO of the $1.6 billion Educators Credit Union in Mount Pleasant, Wis. She was serving as the interim president/CEO following the...
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?
The Difficult Marriage Between Fintechs and CUSOs
CUSOs are innovation platforms for credit unions, allowing credit union owners to share risk and expenses when building better and sometimes revolutionary systems, products or channels to serve their members. Fintech firms are the very essence of innovation and...
NYCUA-SimplyCredit Partnership Combats Online Disruption
A new strategic partnership between the New York Credit Union Association and the San Francisco-based fintech company SimplyCredit aims to help New York’s credit unions combat online disruption and accelerate lending growth. Through the partnership, SimplyCredit...
Credit Unions Gain Record Share of Plastic
Credit unions in February held their largest share of the nation's credit card debt ever as the nation’s credit debt remained near record levels, according to the Federal Reserve's monthly Consumer Credit report released Friday. Credit unions held $52.3 billion...
Xceed Financial, Elevations CU Hire Mortgage Professionals
This past week, six credit unions announced new hires, promotions and appointments. Plus, one credit union mourned the passing of its CEO and PSCU promoted an executive. WEST The $1.8 billion Numerica Credit Union in Spokane, Wash., hired Josh Melcher (pictured)...
New Glass-Steagall Bill Pushed by Sens. Warren, McCain
A bipartisan group of Senators said Thursday that they plan to reintroduce the 21st Century Glass-Steagall Act just as President Donald Trump’s economic adviser Gary Cohn voiced support for the move. Elizabeth Warren, D-Mass., along with...