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Banks and credit unions compete head-to-head in many markets, so credit union CEOs take advantage of bank earnings season to gain a little extra intel. But many will scour first-quarter results as closely as ever to determine the impact of the banking crisis on deposits flows, lending and the overall economy.
TTCU Federal Credit Union in Tulsa is enlisting SavvyMoney to help members better understand their spending habits and begin improving their financial well-being.
Rick Hein, who has been the chief executive of the financial institution for 23 years, plans to depart next year.
Despite numerous changes to the Consumer Financial Protection Bureau's final rule on Section 1071 of the Dodd-Frank Act, lenders worry that expenses associated with reporting small-business lending data will cause smaller institutions to end their underwriting programs.
Mark Rabinowitz, the credit union's chief administrative officer, took over as chief executive on April 1, replacing Matthew Herbert.