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Former Oregon branch employee convicted this week of laundering more than $120,000 in drug money.
Silicon Valley credit union posts net income of $62.8 million in 2012, a 51% jump from year before.
First Tech Federal Credit Union announced the appointment of Gregory Mitchell as its new president/CEO, effective immediately. Mitchell previously served as CEO of Irvine, Calif.-based First PacTrust Bancorp and PacTrust Bank.
New machines feature convenience, anti-fraud features.
Gregory Mitchell, former CEO of First PacTrust Bancorp and PacTrust Bank, succeeds Benson Porter, now CEO at BECU.
Three Northwest states–Washington, Oregon and Montana–have become the nation’s epicenter of merging activity among credit unions, with supporters claiming the trend underscores a higher level of member service.
Essex National Securities Inc., a broker-dealer once owned by a subsidiary of Addison Avenue FCU, has been acquired by private New York investment firm.