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DETROIT—It took some naivete, youthful optimism and a willingness to try something new to get credit union purchases of banks underway almost 15 years ago, said Michael Bell.

PHOENIX—The $3.3-billion OneAZ Credit Union has agreed to buy $624-million 1st Bank Yuma, based in Yuma, Ariz., marking the 17th such deal of 2024, a one-year record for these agreements.

VALDOSTA, Ga.—At the $26-million Georgia Power Valdosta FCU, despite the CU serving the local power company, the biggest problem with getting back to business has been a lack of electricity, CEO Kim Cowart said.

WASHINGTON—Mortgage applications decreased 1.3% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending Sept. 27. 

WASHINGTON—With Congress out for October recess, discussions are getting underway this month to craft a final version of the FY2025 National Defense Authorization Act (NDAA) that Congress will vote on when it returns for a post-election lame-duck session.

TEMPE, Ariz. –-The $1.7-billion TruWest Credit Union has named Chris Kearney president and chief executive officer, the organization reported.

SAN FRANCISCO—Visa plans to purchase a fraud prevention vendor founded by a Cambridge University doctoral student to provide protection against payment fraud and financial crime risks, Bank Info Security reported.