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JACKSONVILLE, Fla.—The $2.9-billion Community First Credit Union of Florida here has agreed to buy $331-million First Southern Bank, headquartered in Waycross, Ga., the CU announced.

ST. PETERSBURG, Fla.—In October, consumer spending continued to show resilient growth, while consumer sentiment dropped to levels last seen in 2022 during the peak of the post-COVID inflationary period, Velera reported, citing data from its November edition of the Velera Payments Index.

TUKWILA, Wash.—Two of the West Coast’s largest credit unions are joining forces--creating a $33-billion organization.

WASHINGTON--Patty Corkery has joined America’s Credit Unions board of directors, ACU announced.

I grew up as an Alaskan commercial fisherman.  Boats have safety systems to pump out seawater that leaks in: bilge pumps. They keep you from sinking, unless there are too many small leaks, eventually they can’t keep up and you are headed for the sea floor. Your credit union is similar…  if you outsource too many tasks (paying $$$ for each little one), eventually your profit will be insufficient to keep you afloat.