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The West Palm Beach credit union named Steve Bosack as its new chief executive. He has worked for the National Credit Union Administration and Pentagon Federal Credit Union among other stops.
Co-Op Solutions, which represents more than 1,800 credit unions, used its scale to negotiate a favorable deal with the STAR Network.
In February's roundup of American Banker's favorite stories: An international African American sorority enters the credit union market; a deep dive into the ideology behind banks giving out free pens; and a rising number of financial institutions are facing a tightening of liquidity and more.
Car loans are among the bread-and-butter products for credit unions, but slowing demand and growing delinquencies are putting some pressure on the category.
Executives have ramped up initiatives for educating members, staffers and directors on how to gain support from legislators.