Anthony Silvi was appointed SVP and chief lending officer for the $592 million Sb1 Federal Credit Union in Philadelphia. Previously, he served as the vice president of financial services at the $656 million Freedom Credit Union in Warminster, Pa. He also worked as SVP of lending at First Penn Bank...
Credit unions say NCUA examiners are pressuring them to keep long-term fixed assets below 35% of total assets, sacrificing income.
Pressured by NCUA examiners and concerned about interest rate risk, credit unions shed mortgages and other fixed rate assets, giving up income.
Despite a new state law in Colorado legalizing recreational use, credit unions still worry marijuana business accounts will run afoul of federal regulations.
While financial institutions wait for guidance from the DOJ, credit union leagues in Colorado and Washington caution against opening accounts for state-legal weed businesses.
SAFE Credit Union spiffs up local high school's student store and on-campus branch.
I enjoyed reading Sarah Snell Cooke’s support of paying directors. I think paid directors will give credit unions another tool to manage their credit union better.
SNL Financial report says lack of strategic thinking keeps most mergers among small credit unions who have no choice.
Consumers are increasingly tapping their smartphones and tablets to manage their money, a trend that may push personal financial management tools into the mainstream and open new opportunities for credit unions to help their members in real time.
Every day, six days a week, a credit union closes and never re-opens. That has been going on for many years. More than 3% of credit unions have annually closed for the past decade. By 2025, the United States will have around 4,500 credit unions.