Credit Unions


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    Gesa Credit Union to buy Washington bank

    The transaction, expected to close next year, marks the fourth time a credit union has moved on an Evergreen State bank this year. The purchase price was not disclosed.

    By Banking Dive staff • May 24, 2024
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    Arizona credit union to acquire bank

    Pima's acquisition of Republic Bank of Arizona, expected to close in the second half of the year, would give the Tucson-based credit union a foothold in the Phoenix area.

    By May 17, 2024
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    Credit unions in the competitive landscape

    If credit unions are looking for proof of their competitive sway, they should look no further than a Federal Reserve governor’s call to include credit unions in regulators’ evaluation of a banking market.

    By Banking Dive staff
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    LinkBank sells 3 NJ branches to credit union

    The branches more than double Philadelphia-based American Heritage's Garden State footprint. The transaction aims to help LinkBank achieve efficiencies tied to its recent purchase of Partners Bank.

    By May 10, 2024
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    Houston area-based TDECU to buy Louisiana bank

    At more than $1.2 billion in assets, Sabine is one of the largest banks to be part of an acquisition by a credit union. It's the eighth such deal this year.

    By Banking Dive staff • May 1, 2024
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    Navy Federal’s ‘community bank’ label draws ICBA rebuke

    The trade group wants the FDIC and NCUA to issue cease-and-desist orders against the credit union's characterization of a co-branded program with the Defense Department.

    By April 4, 2024
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    Harborstone Credit Union to buy SaviBank

    The acquisition will end Savi's effort to create Orca Bank, a Washington state-chartered de novo that received FDIC approval last August.

    By Ken McCarthy • March 22, 2024
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    How Golden 1 used AI to find ‘good risk’

    The credit union partnered with Zest AI to build its own customized credit scorecard and has seen a 28% increase in approvals to protected classes of borrowers, Golden 1's CEO said.

    By Ken McCarthy • March 12, 2024
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    Sound Credit Union to buy Washington Business Bank

    The Sound deal, set to close in the fourth quarter, marks the sixth acquisition of a whole bank by a credit union this year and the second in the Pacific Northwest.

    By Ken McCarthy • March 11, 2024
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    Compliance, overdraft fees may get greater focus in left-leaning NCUA

    Liquidity and interest rate risk remain “very high priorities” for regulatory agencies, credit union executives said at a conference last week.

    By Ken McCarthy • March 11, 2024
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    Hudson Valley Credit Union to buy 8 Berkshire Bank branches

    The bank is selling 10 branches in all, in three deals set to close in the third quarter. Hudson Valley’s deal is the second partial bank acquisition by a credit union this year.

    By Ken McCarthy • March 5, 2024
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    Smaller credit unions face hurdles despite NCUA’s fintech rule

    The financial innovation rule may open the door to more partnerships, but larger institutions still have advantages on tech, budget and risk management, experts say.

    By Ken McCarthy • Feb. 28, 2024
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    California AG urges small banks, credit unions to ax ‘surprise’ overdraft fees

    Some overdraft and returned deposited-item fees may violate the state’s Unfair Competition Law and the federal Consumer Financial Protection Act, Rob Bonta warned in a letter last week.

    By Ken McCarthy • Feb. 26, 2024
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    Navy Federal boosts COO to top executive role

    Dietrich Kuhlmann, a 35-year Navy veteran, becomes CEO of the nation’s largest credit union March 1. He takes the helm from Mary McDuffie, under whom membership grew by 5 million and assets nearly doubled.

    By Feb. 21, 2024
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    How does Navy Federal account for its quick growth?

    The $170.8 billion-asset institution added more customers last year than all but nine credit unions count in total membership. Thank marketing, mission and word of mouth, observers say.

    By Ken McCarthy • Feb. 9, 2024
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    Empeople Credit Union to acquire Wisconsin bank

    Buying TSB Bank would deepen Empeople’s Wisconsin footprint with three added branches and $182 million in assets. The deal is set to close in the fourth quarter for an undisclosed sum.

    By Ken McCarthy • Feb. 8, 2024
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    Beacon Credit Union to buy Indiana bank

    The proposed acquisition of Mid-Southern Savings Bank marks the fourth purchase of a bank by a credit union in the first 26 days of the year.

    By Ken McCarthy • Jan. 29, 2024
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    Michigan credit union to buy NorthSide Community Bank

    Advia Credit Union will expand its footprint in northeastern Illinois with the third proposed acquisition of a bank by a credit union in 2024.

    By Jan. 29, 2024
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    Alaska credit union to buy $1.5B-asset Washington bank

    Global Federal Credit Union, with over $11 billion in assets, will buy First Financial Northwest Bank in the second such deal this year. The transaction is expected to close in the fourth quarter. 

    By Jan. 12, 2024
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    NY credit union eyes a bank purchase in 1st such deal of 2024

    The transaction will boost Hudson Valley Credit Union’s assets to roughly $7.4 billion and increase its footprint to 32 full-service branches across the Hudson Valley and Capital Regions.

    By Jan. 11, 2024
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    Alabama credit union to buy 5 branches of community bank

    After the transaction, 22nd State Bank will relocate its charter to Mobile, and operate as an independent community bank with two locations in the area.

    By Jan. 4, 2024
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    Navy Federal sued over alleged mortgage disparity by race

    The credit union last year approved 48.5% of mortgage applications from Black borrowers, but 77.1% from White ones, CNN found. The gap drew comparisons to similar numbers from Wells Fargo in 2020.

    By Dec. 19, 2023
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    Arizona credit union buys bank in 11th such deal of 2023

    AEA Federal Credit Union's purchase of West Valley National Bank will double its brick-and-mortar presence and expand it into the Phoenix and Las Vegas markets.

    By Nov. 8, 2023
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    Court pauses CFPB small-biz data collection rule nationwide

    An earlier limited injunction “leaves non-exempted lenders subject to the discretion of an agency whose very ability to act is a matter of constitutional concern,” a Texas federal judge wrote Thursday.

    By Oct. 27, 2023
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    Banking events for the 2023-24 conference season

    It’s time to plan for the rest of this year and beyond. Banking Dive has you covered with a running list of industry conferences, expos and meetings.

    By Sept. 29, 2023
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    Rakuten withdraws bid for NCUA charter

    The Japanese e-commerce firm previously tried three times to gain a charter via an industrial loan company application, only to withdraw each bid months later.

    By Sept. 19, 2023