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Some community banks and credit unions worry that by hiring out-of-state workers to fill their many job openings, as other employers have done, they could erode community ties.

The National Credit Union Administration has invited feedback from executives after exams, given them a freer hand to partner with cryptocurrency firms and made it easier to start new credit unions, Kyle Hauptman says in touting the agency’s efforts to modernize itself.

Mike Steimle, who has led the credit union for roughly 22 years, cited a need for "new blood" in the leadership team.

The Nebraska Department of Banking and Finance recently denied GreenState Credit Union's deal to acquire Premier Bank in Omaha. The bank said it hopes to get the ruling overturned.

The National Credit Union Administration approved four new credit unions in 2021 — the most in six years — after revamping the application process.

Carrie Langgard, who joined the institution in 2014, became president and chief executive on Jan. 1.

Banks and credit unions that cater to members of the armed forces are partnering with fintechs or patenting their own tools to help users convert currency, borrow money and handle financial matters in environments with unreliable internet service.

The new name, Navy Federal Investment Services, reflects a wider range of products than the previous handle, Navy Federal Brokerage Services.

Jennifer Ventimiglia, who joined Fortera in 2015, will also become chief executive after Tom Kane retires from this role.

Pomona Postal Federal Credit Union, which the National Credit Union Administration placed into conservatorship in November, has merged with the Credit Union of Southern California.