PenFed Loses $65 Million in Q4

Heavy loan loss provisions and declining revenue contribute to a major net loss at the nation's third-largest CU.

By Jim DuPlessis | January 31, 2024 at 05:00 PM

Pentagon Federal Credit Union of Tysons, Va., lost $65.3 million in the fourth quarter, as it ratcheted up loan loss provisions and net revenue fell.

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By Peter Strozniak | May 03, 2024

Lee Spivey becomes CEO of Ohio's River Valley CU, succeeding John Bowen, who stepped down after 29 years of service.

By Jim DuPlessis | May 03, 2024

For the Top 10 credit unions, overdraft and NSF fees range from zero to 0.48% of average assets.

By Michael Ogden | May 02, 2024

Szurgot takes the position nearly nine months after the sudden passing of Montez Hairston.

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