SIOUX FALLS, S.D.—The $470-million Levo Credit Union plans to acquire a Sioux City, Iowa, branch of Heritage Bank, the CU announced. The two markets are approximately 85 miles apart.
Fresh Today
NEW YORK–The gap in mortgage rates between what’s currently available in the market and the rates being paid by many homeowners has created a “national lock-in effect,” according to one new report.
LOWELL, Mass.–Jeanne D’Arc Credit Union said it has introduced an innovative employee benefit with a new employee EmergeStrong Account.
LAKE BUENA VISTA, Fla..–Is AI a fantasy or a frontier for credit unions?
LAKE BUENA VISTA, Fla.–An “elevated digital IQ” in credit unions could help significantly reduce fraud, especially if data could be shared across the CU community, but it will only work if CUs can identify and reduce their “tech debt,” according to three people who spoke to credit unions here.
DENVER–Two bank trade group execs here are saying Colorado’s banks “don’t want or need credit unions as potential buyers” and are advocating against a bill in the state’s legislature.
ALBANY, N.Y.–Trade groups representing New York’s banks are asking the New York Department of Financial Services to “pause” the first-ever acquisition of a bank by a credit union in the state.
CRANSTON, R.I.–A man has been arrested for what police are calling a “sophisticated ATM skimming operation” that targeted credit unions here.
WEST WAREHAM, Mass. — Plymouth County Teachers has named a new president and CEO.
MUNCIE, Ind. — A former credit union employee here has pleaded guilty to stealing money from members.