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 Anna Hrushka • Sept. 19, 2023

USAA poised to offer no-interest loans as government shutdown looms

USAA said the loans are aimed at assisting customers who are likely to experience a paycheck disruption in the event of a government shutdown.

By Anna Hrushka • Sept. 15, 2023

Explore the Trendline➔

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

Alabama, Michigan credit unions buy banks in torrid M&A week

“It’s just how the timing worked out on these two specific transactions,” said CEO Robert Steensma, whose Five Star Credit Union announced two transactions within three days, as did MSUFCU.

By Rajashree Chakravarty • Sept. 1, 2023

Florida credit union buys local bank in 8th such deal of 2023

Innovations Financial Credit Union agreed to buy First National Bank Northwest Florida, months after a deal for the bank — also involving a credit union — fell apart.

By Gabrielle Saulsbery • Aug. 31, 2023

Michigan credit union buys Chicago-area bank in August deal surge

MSUFCU's proposed purchase of McHenry Savings Bank marked the second such transaction in 24 hours and the third this month.

By Dan Ennis • Aug. 30, 2023

Alabama credit union agrees to buy Georgia’s OneSouth Bank

The transaction, set to close by the second quarter of 2024, would push Five Star Credit Union’s assets to nearly $1 billion.

By Rajashree Chakravarty • Aug. 29, 2023

Credit union to buy Seattle’s First Sound Bank

The transaction, set to close in the first quarter of 2024, will push Harborstone Credit Union beyond the $2 billion-asset mark. BM Technologies had proposed buying the bank in 2021, but the deal fell apart.

By Rajashree Chakravarty • Aug. 3, 2023

NAFCU, CUNA agree to merge

Jim Nussle, CUNA’s CEO, will serve as top executive of the new organization, America’s Credit Unions, which will start operating by early 2025, according to a statement Tuesday.

By Rajashree Chakravarty • Aug. 2, 2023

[Podcast] Igniting organic growth and driving customer value in banking

This podcast explains how leading banks utilize data to enhance customer understanding and drive organic growth. Discover valuable insights from EY Global's research on consumer preferences and learn from the strategies of Bank of America and Citizens Financial Group.

By Banking Dive's studioID • July 31, 2023

New Mexico credit union to buy Western Heritage Bank

The transaction, for an undisclosed sum, will give $4 billion-asset Nusenda Credit Union six added branches and a presence in Texas, as four of Western Heritage’s locations are in El Paso.

By Dan Ennis • June 7, 2023

Alabama credit union to buy SunSouth Bank

After the transaction, All In Credit Union will have $3 billion in assets and 33 locations across the state's southeast and the Florida Panhandle.

By Rajashree Chakravarty • June 2, 2023

Illinois credit union to buy bank in year’s 2nd such tie-up

The deal is expected to close by March 2024 and is the second bank purchase proposed by Land of Lincoln Credit Union since December.

By Rajashree Chakravarty • May 2, 2023

SavvyMoney helps consumers bolster credit scores, banks bolster loan portfolio

The integrated credit solution has 1,055 banking partners, and that number "grows daily," its CEO said.

By Gabrielle Saulsbery • March 29, 2023

Greenlight’s new B2B offering brings kid-focused banking to traditional firms

Over half a dozen firms, including Morgan Stanley, WaFd Bank and Community Financial Credit Union have partnered with the neobank to offer its services to their customers.

By Anna Hrushka • March 29, 2023

Technology gap puts Black banks at risk: report

Black banks, which help expand credit to underserved areas, risk losing customers if they continue to fall behind their nonminority peers in terms of digital banking offerings, a researcher said.

By Anna Hrushka • March 9, 2023

Credit union trade group preemptively blasts Durbin bill

NAFCU said a bill to curb the processing of credit card transactions would reduce credit union members’ revenue from swipe fees and limit loyalty programs, fraud protection and free checking.

By Lynne Marek • Feb. 27, 2023

Credit unions’ 72-hour cyberattack reporting window to take effect Sept. 1

“Credit unions must be included in conversations about critical infrastructure,” NCUA Chair Todd Harper said. The agency aims to lay out additional guidance in the coming months.

By Rajashree Chakravarty • Feb. 17, 2023

Quontic, NYDIG vet aims to bridge ‘translation layer’ between banks, fintechs

Patrick Sells, a former chief innovation officer, wants to speed up the time it takes for banks to find a fintech whose services match their needs.

By Anna Hrushka • Feb. 8, 2023

Biden unfairly lumps overdraft with ‘junk fees,’ trade groups say

“Instead of mischaracterizing an entire industry, policymakers ... should work in tandem with banks” to expand consumers’ access to financial tools that will help them weather economic challenges, CBA CEO Lindsey Johnson said.

By Anna Hrushka • Feb. 8, 2023

Florida woman sues MidFlorida Credit Union over alleged race discrimination

A 70-year-old retired teacher was arrested after an issue stemming from a $600 ATM deposit. However, the lawsuit and police report paint vastly different portraits of the incident.

By Gabrielle Saulsbery • Feb. 7, 2023

Michigan credit union eyes bank in sector’s 1st tie-up of 2023

Old Mission Bank’s two locations will expand 4Front Credit Union’s Upper Peninsula footprint and boost its asset total by roughly $130.2 million.

By Rajashree Chakravarty • Jan. 11, 2023

2022 tied the record for credit union-bank deals, after all

Illinois-based Land of Lincoln Credit Union's proposed acquisition of Colchester State Bank marked the year’s 16th such tie-up, and the fifth in December.

By Rajashree Chakravarty • Jan. 5, 2023

December M&A flurry propels credit union-bank deal tally to near record

Alabama One's acquisition of the First Bank of Wadley marks the fourth proposed bank purchase by a credit union in two weeks and the 15th of 2022.

By Dan Ennis • Dec. 21, 2022

Late surge in credit union-bank tie-ups pushes 2022 past 2021

The year's 14th deal — and third struck in 10 days — has roots in Georgia, home to the first two bank acquisitions by credit unions in 2022.

By Dan Ennis • Dec. 19, 2022

Michigan credit union to acquire Florida bank in year’s 13th such tie-up

The deal marks the third purchase of a Florida bank by a Michigan credit union in the past 18 months. It also means 2022 has seen as much credit union-bank deal activity as last year.

By Rajashree Chakravarty • Dec. 15, 2022