Credit Unions: Page 2

  • Wooden cubes that spell out "M&A"
    Image attribution tooltip
    Nastassia Samal via Getty Images
    Image attribution tooltip

    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 • Aug. 29, 2023
  • Seattle Washington aerial view from Queen Anne neighborhood toward Space Needle and downtown
    Image attribution tooltip
    SEASTOCK/iStock via Getty Images
    Image attribution tooltip

    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 • Aug. 3, 2023
  • $100 bills fan out on top of each other. Explore the Trendline➔
    Image attribution tooltip
    breeze393/iStock via Getty Images
    Image attribution tooltip
    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
  • The concept of the word M&A on cubes on a beautiful green background. Business concept
    Image attribution tooltip
    Zhanna Hapanovich via Getty Images
    Image attribution tooltip

    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 • Aug. 2, 2023
  • This is the cover image for the podcast series Igniting organic growth and driving customer value in banking.
    Image attribution tooltip
    Alyssa Eckel-Martin/Banking Dive
    Image attribution tooltip
    Sponsored by EY Banking and Capital Markets

    [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
  • Downtown Albuquerque, New Mexico.
    Image attribution tooltip
    halbergman via Getty Images
    Image attribution tooltip

    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 • June 7, 2023
  • m&a handshake
    Image attribution tooltip
    Natalie Meepian via Getty Images
    Image attribution tooltip

    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 • June 2, 2023
  • m&a handshake
    Image attribution tooltip
    Natalie Meepian via Getty Images
    Image attribution tooltip

    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 • May 2, 2023
  • Large amount of US dollars isolated on a black background.
    Image attribution tooltip
    alfexe via Getty Images
    Image attribution tooltip

    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 • March 29, 2023
  • Greenlight's debit card and mobile app are displayed on a white background.
    Image attribution tooltip
    Permission granted by Greenlight
    Image attribution tooltip

    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 • March 29, 2023
  • A laptop screen shows a login screen for an online .
    Image attribution tooltip
    ipopba via Getty Images
    Image attribution tooltip

    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 • March 9, 2023
  • Close shot of the U.S. Capitol dome against the bright blue sky.
    Image attribution tooltip
    Brendan Hoffman via Getty Images
    Image attribution tooltip

    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
  • Double exposure shot of backside of a computer and red binary codes.
    Image attribution tooltip
    Suebsiri via Getty Images
    Image attribution tooltip

    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 • Feb. 17, 2023
  • Two businesspeople shaking hands
    Image attribution tooltip
    metamorworks via Getty Images
    Image attribution tooltip

    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 • Feb. 8, 2023
  • U.S. President Joe Biden delivers his State of the Union address during a joint meeting of Congress in the House Chamber of the U.S. Capitol on February 07, 2023 in Washington, DC.
    Image attribution tooltip
    Win McNamee via Getty Images
    Image attribution tooltip

    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 • Feb. 8, 2023
  • gavel and money
    Image attribution tooltip
    Avosb via Getty Images
    Image attribution tooltip

    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 • Feb. 7, 2023
  • Office workstation top view of business people working around M&A, keyboard, calculator, phablet and money on wooden table
    Image attribution tooltip
    Atstock Productions via Getty Images
    Image attribution tooltip

    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 • Jan. 11, 2023
  • The concept of the word M&A on cubes on a beautiful green background. Business concept
    Image attribution tooltip
    Zhanna Hapanovich via Getty Images
    Image attribution tooltip

    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 • Jan. 5, 2023
  • Shot of two businessmen shaking hands in an office
    Image attribution tooltip
    gradyreese via Getty Images
    Image attribution tooltip

    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 • Dec. 21, 2022
  • Office workstation top view of business people working around M&A, keyboard, calculator, phablet and money on wooden table
    Image attribution tooltip
    Atstock Productions via Getty Images
    Image attribution tooltip

    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 • Dec. 19, 2022
  • The concept of the word M&A on cubes on a beautiful green background. Business concept
    Image attribution tooltip
    Zhanna Hapanovich via Getty Images
    Image attribution tooltip

    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 • Dec. 15, 2022
  • shaking hands
    Image attribution tooltip
    seb_ra via Getty Images
    Image attribution tooltip

    Apex, Unifimoney partner on digital investment solutions for banks

    Oklahoma-based First Fidelity Bank is the first customer to go live with the services offered by the partnership.

    By • Dec. 14, 2022
  • Office workstation top view of business people working around M&A, keyboard, calculator, phablet and money on wooden table
    Image attribution tooltip
    Atstock Productions via Getty Images
    Image attribution tooltip

    Iowa credit union buys bank in year’s 12th such tie-up

    Financial terms of the Veridian Credit Union’s proposed purchase of American Investors Bank and Mortgage were not disclosed. But the deal would allow the credit union to access Minnesota.

    By • Dec. 7, 2022
  • The concept of the word M&A on cubes on a beautiful green background. Business concept
    Image attribution tooltip
    Zhanna Hapanovich via Getty Images
    Image attribution tooltip

    Minnesota credit union to buy Wisconsin bank in 11th such tie-up of 2022

    Michael Bell, a leading bank M&A attorney, predicted a record “25-plus” deals between credit unions and banks in 2022 when the year began. Some potential deals, however, appear to be “pausing until 2023.”

    By • Nov. 3, 2022
  • the exterior of the federal reserve building in washington, dc
    Image attribution tooltip
    crbellette via Getty Images
    Image attribution tooltip

    Digital banks, credit unions should factor into merger reviews: Fed’s Bowman

    Potential combinations should hinge on risk analysis, not deposit market share, in an update to 1995 guidelines, the central bank governor said Wednesday.

    By • Sept. 29, 2022
  • Corn field and a house.
    Image attribution tooltip
    Scott Olson via Getty Images
    Image attribution tooltip

    GreenState scraps acquisition of Nebraska bank after judge denies appeal

    “We are still coming to Nebraska. This simply pushes our timetable back a year,” the credit union’s CEO said, adding it may expand into Omaha organically.

    By • Aug. 22, 2022