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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Only 111 credit unions currently use The Clearing House's real-time payments platform, out of nearly 5,000 nationwide, but having the world's largest credit union in the system could lead more to join.
By Ken McCarthyDecember 7 -
Canada's government has finalized arrangements with Visa and Mastercard to cap credit card interchange for small businesses; Klarna is expanding its work with the Dutch payment processor Adyen; and more.
December 6 -
United Federal Credit Union plans to enter the state through a merger next year, and that could be a problem for Keystone-state banks and credit unions that are already struggling to grow.
By Ken McCarthyDecember 4 -
Texas-based RBFCU, the tenth largest credit union in the nation, promoted Mark Sekula from CFO to CEO, replacing Christopher O'Connor, who will retire in March.
By Ken McCarthyNovember 30 -
The 10 largest credit unions in the nation all saw surges in credit card charge-offs in the third quarter, as a growing number of consumers struggle to make ends meet.
By Ken McCarthyNovember 28 -
Whether it's bracing for a hurricane or helping members reduce their environmental impact, many credit unions are making the planet's health a focal point of community engagement.
By Ken McCarthyNovember 16 -
Executives reflecting on the issues that doomed three banks say the closures stressed the importance of adapting quickly to change, and emphasized the advantages of the credit union business model.
By Ken McCarthyNovember 14 -
American Banker is proud to recognize the honorees for the second annual Most Powerful Women in Credit Unions.
By Ken McCarthyNovember 14 -
The National Credit Union Administration approved the Young Community Federal Credit Union to begin operations in Kentucky soon. An organization in Maryland is shooting for a 2024 opening.
By Ken McCarthyNovember 8 -
Achieva Credit Union, which previously bought two community banks, is furthering its growth through the acquisition of an insurance company.
By Ken McCarthyNovember 2