Washington state credit unions buying banks face new tax

A 1.2% tax applies to gross income generated from such transactions, meaning there are no deductions for labor and materials, to deals submitted for regulatory approval after Jan. 1, 2026.

By Gabrielle Saulsbery • Feb. 5, 2026

Florida credit union sues Fiserv, alleging lax cybersecurity

FiCare Federal Credit Union said hackers breached an online banking platform that Fiserv provides and stole members’ money. The credit union alleges Fiserv then told customers it would charge them for a security upgrade.

By Patrick Cooley • Feb. 2, 2026

M&A in 2026 may put more distance between big, small banks

Expect the acceleration in bank M&A to pick up further, especially in advance of this year’s midterm elections.

By Caitlin Mullen • Jan. 15, 2026

Michigan’s Zeal Credit Union to buy another UP bank

The proposed purchase of The Miners State Bank follows Zeal’s acquisition of Gogebic Range Bank, also in the state’s Upper Peninsula. The Miners deal is the first credit union-bank tie-up of 2026.

By Dan Ennis • Jan. 9, 2026

Senate Democrats press credit unions on overdraft, NSF fees

Sens. Elizabeth Warren, Cory Booker and Richard Blumenthal seek answers from 21 credit unions on their overdraft programs by Dec. 14.

By Gabrielle Saulsbery • Dec. 3, 2025

Florida credit union to buy Georgia bank

The transaction, set to close in the second or third quarter of 2026, will expand Community First’s asset total to $3.3 billion with a 31-location footprint.

By Gabrielle Saulsbery • Nov. 19, 2025

El Paso credit union to buy 11-branch bank

GECU said the deal “sets the stage for a strong combined entity that can support even more members and businesses with their financial needs.”

By Gabrielle Saulsbery • Nov. 18, 2025

Michigan State credit union group acquires fintech Tandem

The acquisition of the couples-focused finance app is part of the $8.26 billion-asset credit union’s plan to create “an end-to-end family banking ecosystem.”

By Caitlin Mullen • Nov. 14, 2025

Suncoast eyes member credit growth with Bloom+

“Credit's always been this chicken-or-the-egg,” said Bloom Credit CEO Christian Widhalm. “If you don't have credit, it's hard to get credit.”

By Gabrielle Saulsbery • Oct. 22, 2025

The smart sale: some banks choose mission over margin

If a bank has to sell, a credit union partner might be worth considering.

Sept. 22, 2025

Illinois credit union to buy bank; NCUA closes Maryland credit union

Fewer CU-bank deals have been announced in 2025, and the NCUA has been plagued with changes.

By Gabrielle Saulsbery , Caitlin Mullen • Sept. 2, 2025

Connecticut credit union discloses data breach

Roughly 172,000 people’s information may have been exposed in a June cyber incident against North Haven-based Connex.

By Dan Ennis • Aug. 15, 2025

Louisiana credit union to buy in-state bank

Heritage Nola’s nearly $26 million deal with OnPath Credit Union comes after the bank mutually terminated a merger proposal with a Louisiana lender, MC Bancshares. 

By Rajashree Chakravarty • July 25, 2025

Judge reinstates fired NCUA members

President Trump fired Todd Harper and Tanya Otsuka in April, leaving one sole member to perform supervisory and enforcement duties over the U.S.’s more than 4,000 credit unions.

By Gabrielle Saulsbery • July 23, 2025

San Francisco credit union to buy California bank

The deal marks the eighth whole-bank purchase by a credit union announced this year.

By Rajashree Chakravarty • July 23, 2025

Senators demand details behind CFPB ending Navy Federal order

Sen. Ruben Gallego, D-AZ, led lawmakers accusing the bureau of “lip service” over its refocus toward “threats” to service members and veterans, in its “abrupt” reversal on a $95 million penalty against the credit union.

By Dan Ennis • July 21, 2025

CFPB drops $95M overdraft case against Navy Federal

The move is yet another example of the current bureau’s retreat from Biden-era consent orders.  

By Rajashree Chakravarty • July 2, 2025

NCUA closes 2 credit unions in 2 days

The regulator closed Aldersgate Federal Credit Union and Butler Heritage Federal Credit Union; Aldersgate was placed in conservatorship last month, after operating in an “unsafe and unsound manner.”

By Rajashree Chakravarty • July 1, 2025

Banking conferences yet to come in 2025

Gatherings can be idea generators, or crucial chances to network — especially amid an environment where political change can yield previously unexpected possibilities and partnerships.

By Dan Ennis • June 27, 2025

Warren, Waters probe NCUA chair on Trump firings

A letter sent Friday follows up on “troubling information” received from the NCUA IG after the April firings of two board members.

By Rajashree Chakravarty • June 20, 2025

Idaho credit union to expand into Montana with bank buy

First Citizens Bank of Butte will be the sixth whole bank a credit union has announced it would acquire in 2025.

By Dan Ennis • May 2, 2025

NCUA’s Harper: Firings laying groundwork for Fed dismissals

“I think they’re chipping away, so that they can get to the Federal Reserve Board,” the former NCUA chair said Thursday of his and a fellow board member’s dismissal by the Trump administration.

By Caitlin Mullen • May 2, 2025

NCUA liquidates NJ credit union

Unilever Federal Credit Union, with roughly $46.6 million in assets, was declared insolvent and asked to cease operations Wednesday. 

By Rajashree Chakravarty • May 1, 2025

Safe Harbor’s new CEO: ‘The idea is: grow’

Terry Mendez, who replaced Sundie Seefried this year at the helm of the cannabis banking pioneer, has cut costs and seeks to rebound after the company’s loss nearly tripled last year.

By Caitlin Mullen • April 30, 2025

Fired NCUA board members sue Trump

Todd Harper and Tanya Otsuka’s removals were “patently unlawful," the lawsuit claims. Two lawmakers wrote the NCUA’s inspector general Tuesday asking how a one-member NCUA board can operate.

By Gabrielle Saulsbery • April 29, 2025