Denise Wymore is less than impressed by the wave of name changes in the credit union industry, to put it mildly.
ABA economist says supplemental capital bid "another attempt by credit unions to be more like banks."
In an unforeseen management shift, Benson Porter, president/CEO of the $5 billion First Tech Federal Credit Union of Palo Alto, Calif., will be taking over the $9.7 billion BECU of Tukwila, Wash., next April, succeeding retiring CEO Gary Oakland.
Having more than enough money to lend would seem to be a good problem to have. For many credit unions, however, the economy’s stalls and starts to recovery in 2011 kept members more focused on paying down debt and trimming expenses. Taking out new loans? Not so much.
Despite the U.S. housing finance market ongoing uncertainty, three credit union mortgage executives painted a largely positive outlook for 2012. Credit Union Times asked their thoughts on what the industry can expect as well as what the mortgage lending expectations in are in local markets.
Benson Porter said the chance to return to his native Seattle was a major factor in his decision to leave First Tech.
Pennsylvania court upholds former CEO John Galante's state ban from working at another credit union.
In recognition of his 25 years of leadership, Gary Oakland, president/CEO of BECU, has been tapped to receive the Mark of Excellence Award at the Northwest Credit Union Association convention.
A Walmart shopping center in Mesa, Ariz., is home to the $44 billion Navy Federal Credit Union’s newest branch.
An Android app is the latest electronic banking offering from Navy Federal Credit Union.