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The San Jose, California-based credit union completed its first out-of-state expansion with a virtual branch in Idaho's tech hub, to be followed soon by a brick-and-mortar location.
The National Credit Union Administration's proposal increases spending by 8.1% from 2022, which agency officials say is still an improvement from the previously approved 12.3% hike.
Overdue loans for U.S. credit unions hit 0.42% in June — the lowest level in the industry's history. But some warn of deteriorating credit quality as the economy sours.
David Deborde has been named president and chief executive, taking over for his mother, Cheryl, who is retiring.
Neil Ray Sommers, the chief executive of the Elyria-based credit union, died Oct 2 at the age of 74. He was succeeded by Bret Fisher, who for the past three years was Achieve's director of operations.