Page 40 - Cuj Content News Today

The deal with HBI Employees Credit Union follows two other mergers Spire struck last year that brought it to $1.9 billion of assets.

The credit union had been in the custody of the National Credit Union Administration since June 2020 to address concerns of unsafe and unsound business practices.

The $837 million-asset Commerce State is one of the largest banks ever to agree to be sold to a credit union.

Just a few years ago, there was no organization for LGBTQ credit union executives and employees, nor was there anyone openly out on the stages of credit union conferences — until Linda Bodie, CEO of Element Federal Credit Union in West Virginia, asked them to make themselves known.

The National Credit Union Administration is following up on earlier disbursements totaling more than $1.8 billion to address the failure of four institutions in the wake of the financial crisis.

The Bethpage, New York, credit union plans to use the fintech’s risk models to improve loan decisioning.

The Credit Union National Association kicked off its first in-person governmental affairs conference in two years with members sharing concerns about data-privacy rules, cryptocurrency, prospects for industry growth and the potential economic fallout of war in Europe.

The fintech chose its new name to reflect its non-financial offerings such as contact centers.

Brad Bolton, incoming chairman of the Independent Community Bankers of America, wants the advocacy group to push back against overly broad policymaking and credit unions' tax status, while opening the door to cannabis banking.

The $1.6 billion-asset institution says it has simply outgrown its old moniker.