VyStar Credit Union to merge with local competitor
The combination of VyStar and 121 Financial Credit Union — both based in Jacksonville, Florida — would have more than $14 billion of assets.
Source: americanbanker.com
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CUNA Mutual Group fires union leader amid tense negotiations
Joe Evica, who has been employed with the Wisconsin-based insurance firm since March 2019, was terminated on April 4 for allegedly violating company policies.
Source: americanbanker.com
Why is no one buying banks?
The volume of bank acquisitions — either by credit unions or community banks — has dropped considerably so far in 2023. Experts, including prospective buyers, cite a combination of ongoing regulatory and economic pressures.
Source: americanbanker.com
GFA Federal Credit Union in Massachusetts names industry veteran as CEO
The Gardner-based institution hired Mark Hettinger, who worked the past 19 years at First Alliance Credit Union, as its new chief executive.
Source: americanbanker.com
Credit union leaders are taking an interest in derivatives
Executives and financial strategists are considering derivatives as a hedge against rising interest rates.
Source: americanbanker.com