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CAPITOLA, Calif.–Bay Federal Credit Union has been recognized as a winner of the 2019 Bay Area Best Places to Work, an awards program presented by the San Francisco Business Times and the Silicon Valley Business Journal.

LAKE FOREST, Ill.—The typical credit union’s business model is big, heavy and cumbersome—high operating expenses supported by hefty fee income—and it will no longer carry them forward as competition becomes much more nimble and efficient, warns one economist.

TAMPA, Fla.—There are many concerns among credit unions when it comes to the new CECL rules, and the biggest may well be CUs reacting by unnecessarily tightening lending standards to adjust to the new accounting rule, according to Bill Hampel.