Xceed Financial to Merge Postmark Credit Union

The members of the financially struggling Postmark Credit Union in Harrisburg, Pa., voted Thursday to approve the Sept. 1 merger with the $952 million Xceed Financial Federal Credit Union in El Segundo, Calif.   While Teresa Freeborn, Xceed Financial’s...

Credit Unions Seek Clarity on Military Lending

The Department of Defense issued new guidance about rules designed to protect service members from predatory lenders, but banks and credit unions are still confused. Neither mainstream banks nor credit unions were the target of Military Lending Act rules that were...

Alabama’s Family Security CU to Buy Small Bank

The $577 million Family Security Credit Union in Decatur, Ala., said Friday it plans to buy the $24.4 million Bank of Pine Hill in Pine Hill, Ala. Although the purchase price was not disclosed, Family Security CU will “purchase substantially all of the assets...

In Memoriam: Bill Belaney

Bill Belaney, who became the first full-time public relations director for a credit union 57 years ago, passed away Aug. 15 from complications he suffered from a fall. He was 89. Before he launched his credit union and banking career, Belaney worked for 12 years in...