Credit Union News - Banking Dive
Nov 11, 2024 · 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. By Ken McCarthy • March 12, 2024
Credit unions have been buying up banks. Here’s a running list …
Jun 24, 2024 · Sound Credit Union earned $21.2 million in 2023, a 6% decrease compared with a year earlier, according to call report data from the National Credit Union Administration. Net income for Washington Business Bank was nearly $1.6 million in 2023, 34% higher than year-end 2022, the bank said in a press release .
Alaska credit union to buy Washington bank in $231.2M deal
Jan 12, 2024 · Anchorage, Alaska-based Global Federal Credit Union announced Thursday that it has agreed to acquire $1.5 billion-asset First Financial Northwest Bank in a $231.2 million, all-cash transaction. Following the deal, which is expected to close in the fourth quarter of 2024, Financial Northwest, the bank’s holding company, and First Financial ...
Credit union deal record extends | Banking Dive
Oct 9, 2024 · HAPO Community Credit Union will acquire Community First Bank, a five-branch bank based in Kennewick, Washington, according to a joint announcement Tuesday. The deal’s announcement breaks the record made just last week by …
Credit Union News | Banking Dive
Feb 26, 2024 · The credit union last year approved 48.5% of mortgage applications from Black borrowers, but 77.1% from White ones, CNN found. The gap drew comparisons to similar numbers from Wells Fargo in 2020. By Dan Ennis • Dec. 19, 2023
Philly-area credit union to pay $6.5M in DOJ redlining settlement
Oct 11, 2024 · Dive Brief: Exton, Pennsylvania-based Citadel Federal Credit Union has agreed to pay roughly $6.52 million to resolve allegations that it failed to provide mortgage lending services to majority-Black and Hispanic neighborhoods in Philadelphia and several nearby counties between 2017 and 2021, the Justice Department announced Thursday.
Credit union to buy New Mexico bank - Banking Dive
Aug 19, 2024 · Credit unions proposed to buy a record 16 whole banks in 2022, and this year has been on pace to easily surpass that. In answering its own question as to why it’s buying a bank and not a fellow credit union, U.S. Eagle said on its website: “The decision to acquire another financial institution is a very complex and strategic decision.
Credit unions, fintechs should face same regulations as banks: …
Oct 15, 2024 · Credit unions, fintechs and nonbank lenders should face the same regulation, guidance and supervisory expectations when involved in the same activities — and doing so is a core concept of financial regulation, Federal Reserve Governor Michelle Bowman said at a conference Friday.
Illinois proves M&A hot spot with pair of credit union-bank tie-ups
Jun 3, 2022 · The Credit Union 1 deal follows a recent pattern of credit unions expanding their toehold in the Chicago suburbs to boost their commercial lending portfolio. Iowa-based GreenState Credit Union deepened its push into the nation's third-largest market in October, agreeing to buy Midwest Community Bank and its subsidiary, Blueleaf Lending.
NY credit union-bank tie-up pushes 2024 to brink of M&A record
Sep 24, 2024 · Rochester, New York-based ESL Federal Credit Union has agreed to acquire Seneca Falls-based Generations Bancorp in an all-cash transaction valued at $26.2 million — marking the 16th proposed whole-bank purchase by a …