Retired Executive Returns as CEO

For Darrell Merkel, retirement only lasted for about three years. Merkel, who retired from the $1 billion SAFE Federal Credit Union as an executive vice president in 2014, was named president/CEO of the Sumter, S.C.-based cooperative Tuesday. He succeeded Beverly...

CMFG Ventures Invests in Online Mortgage Platform

CMFG Ventures LLC announced Tuesday that it has invested in a Chicago startup company that provides online mortgage origination systems to lenders. The venture capital entity of CUNA Mutual Group led the extension for MortgageHippo Inc.’s seed round of...

Credit Union Innovation is Risky Business

Growing expectations and nontraditional competitors requires credit unions to think creatively. The Filene Research Institute tries to spur innovation to help credit unions generate loans, mobilize savings, and reinforce membership. Since 1989, Madison, Wis.-based...