Navy Federal boosts COO to top executive role
Banking Dive » Credit Union
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2w ago
Dietrich Kuhlmann, a 35-year Navy veteran, becomes CEO of the nation’s largest credit union March 1. He takes the helm from Mary McDuffie, under whom membership grew by 5 million and assets nearly doubled ..read more
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Smaller credit unions face hurdles despite NCUA’s fintech rule
Banking Dive » Credit Union
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2w ago
The financial innovation rule may open the door to more partnerships, but larger institutions still have advantages on tech, budget and risk management, experts say ..read more
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Hudson Valley Credit Union to buy 8 Berkshire Bank branches
Banking Dive » Credit Union
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2w ago
The bank is selling 10 branches in all, in three deals set to close in the third quarter. Hudson Valley’s deal is the second partial bank acquisition by a credit union this year ..read more
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Sound Credit Union to buy Washington Business Bank
Banking Dive » Credit Union
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2w ago
The Sound deal, set to close in the fourth quarter, marks the sixth acquisition of a whole bank by a credit union this year and the second in the Pacific Northwest ..read more
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How Golden 1 used AI to find ‘good risk’
Banking Dive » Credit Union
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2w ago
The credit union partnered with Zest AI to build its own customized credit scorecard and has seen a 28% increase in approvals to protected classes of borrowers, Golden 1’s CEO said ..read more
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Navy Federal’s ‘community bank’ label draws ICBA rebuke
Banking Dive » Credit Union
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2w ago
The trade group wants the FDIC and NCUA to issue cease-and-desist orders against the credit union’s characterization of a co-branded program with the Defense Department ..read more
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