Ken McCarthy is a reporter at Credit Union Journal, and a former reporter for American Banker and S&P Global Market Intelligence.
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The deal by the $11.8 billion-asset Global (formerly AlaskaUSA) to acquire First Financial Northwest Bank is one of the largest bank deals ever struck by a credit union.
By Ken McCarthyJanuary 11 -
Hudson Valley Credit Union, which has $6.9 billion of assets, is buying Catskill Hudson Bancorp, which has $593 million of assets — more than any bank acquired by a credit union last year.
By Ken McCarthyJanuary 10 -
The Federal Reserve would seem to offer a compelling alternative to the bank-backed RTP network, but some credit unions — which typically see bank systems as competitive threats — are making more nuanced choices.
By Ken McCarthyJanuary 8 -
After announcing a deal to buy the entirety of SunSouth Bank in Dothan last year, All In now plans to take over another bank's branches in Brewton, Clayton, Eufaula, Geneva and Louisville.
By Ken McCarthyJanuary 3 -
Credit unions have announced 11 deals for banks so far in 2023, five short of 2022's total.
By Ken McCarthyDecember 28 -
Tanya Otsuka's confirmation gives the Democrats control of the National Credit Union Administration's board for the first time since 2016. Here's how that will impact its agenda.
By Ken McCarthyDecember 21 -
Meritrust Credit Union in Wichita is giving $400 to each of its 370 employees to start or grow a rainy day fund.
By Ken McCarthyDecember 20 -
The first credit unions enrolled in the Federal Reserve's FedNow instant payments platform say it will fundamentally change the way they serve consumers and businesses across multiple categories.
By Ken McCarthyDecember 20 -
The world's largest credit union reported a 5% increase in total loans in the third quarter while lending at the largest banks was almost stagnant. However, the Vienna, Virginia, institution's charge-offs also jumped significantly.
By Jim DobbsDecember 14 -
The combination of OnPath Federal Credit Union and Louisiana Federal Credit Union is the biggest credit union merger in the state's history.
By Ken McCarthyDecember 12