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Eighteen positions were eliminated in January. Although the credit union laid off 16 employees in November, 14 were retained with other job offers.
Higher charge-offs, stagnant income and dwindling auto lending are major contributors.
Cleveland comes from Sound CU in Washington State, where she served as EVP and COO.
Consent order requires Patelco to establish a new cybersecurity program.
Credit Union Board Modernization Act is expected to pass the House possibly as early as next week.
John P. Barron will take over the leadership helm at Liberty Bay Credit Union next week.
Skyla Insurance Services grows its portfolio with Policyline Insurance acquisition.
Idaho Central Credit Union’s consolidation with Tucson Old Pueblo Credit Union expands its branch network and membership.
Safe Harbor says Partner Colorado CU has agreed to pause payments, while they attempt to renegotiate the debt.
WOCCU’s leader sends a letter to Secretary of State Marco Rubio asking him to honor existing USAID funding obligations.