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[reportwire]

Barksdale Federal Credit Union is buying a bank | Credit Union Journal

Barksdale Federal Credit Union is buying a bank | Credit Union Journal

Barksdale Federal Credit Union in Bossier City, Louisiana, has agreed to buy HomeBank of Arkansas for an undisclosed price. It is the fourth deal involving the sale of a bank to a credit union in the past 10 days. “This acquisition will expand our footprint into Arkansas, and it will result in expanded product, service and technology offerings for HomeBank’s customers as well,” Patrick Gullatt,…

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[reportwire]

Los Angeles Rams' official credit union buys its first Super Bowl ad | Credit Union Journal

Los Angeles Rams’ official credit union buys its first Super Bowl ad | Credit Union Journal

Los Angeles is a key growth market for Unify Financial Credit Union in Allen, Texas, which also happens to be the official credit union of the NFL’s Rams. So when its team qualified for this year’s Super Bowl against the Cincinnati Bengals, Unify chose to buy its own ad spot during the game. The 30-second commercial, titled “Unify’s Got You,” features Los Angeles Rams safety Terrell Burgess…

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[reportwire]

Pennsylvania credit union finds merger partner after its sponsor is sold | Credit Union Journal

Pennsylvania credit union finds merger partner after its sponsor is sold | Credit Union Journal

The sale of its sponsoring company led one Pennsylvania credit union to seek a merger. Wilmac Employees’ Credit Union in York, Pennsylvania, will merge with Belco Community Credit Union in Harrisburg, Pennsylvania, the two credit unions said Monday. The merger comes as a result of the sale of Wilmac Corp. in late 2021. The $3.5 million-asset Wilmac Employees’ Credit Union approached Belco…

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[reportwire]

NCUA advances rule for succession planning | Credit Union Journal

NCUA advances rule for succession planning | Credit Union Journal

The National Credit Union Administration is moving forward with a proposed rule for succession planning to address the aging population of credit union CEOs. At the NCUA’s monthly board meeting held Thursday, Todd Harper, the agency’s chairman, and other top regulators voted 2-to-1 to advance a rule to mandate that federal credit unions develop and follow processes for succession planning. With…

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[reportwire]

USF Federal Credit Union in Florida receives CDFI designation | Credit Union Journal

USF Federal Credit Union in Florida receives CDFI designation | Credit Union Journal

USF Federal Credit Union in Tampa, Florida, has received its certification as a community development financial institution. The $1 billion-asset credit union was approved as a CDFI after starting the application process in October. Institutions seeking the designation must first meet criteria such as providing development services, upholding accountability to its defined target market and being…

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[reportwire]

Credit unions in southern Iowa to merge | Credit Union Journal

Credit unions in southern Iowa to merge | Credit Union Journal

Community 1st Credit Union in Ottumwa, Iowa, and HomeTown Credit Union in Shenandoah, Iowa, have struck a deal to merge. Community, which has over $980 million of assets, announced that it will combine with the $3.1 million-asset HomeTown effective Mar. 7. Community 1st “is always looking for opportunities to further expand its footprint,” Greg Hanshaw, president and CEO of Community 1st, told…

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[reportwire]

National Association of State Credit Union Supervisors names CEO | Credit Union Journal

National Association of State Credit Union Supervisors names CEO | Credit Union Journal

The National Association of State Credit Union Supervisors has named Brian Knight as its next president and CEO. The trade organization’s board said Knight, currently executive vice president and general counsel for NASCUS, will take the helm Jan. 1. He will succeed Lucy Ito, who has been in those roles since 2014 and is set to retire at the end of this year. “Brian is uniquely qualified to lead…

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[reportwire]

Redwood joins small club of credit unions issuing virtual cards

Redwood joins small club of credit unions issuing virtual cards

As part of its strategy for an “all-around digital experience” for members, Redwood Credit Union in Santa Rosa, California, is letting members receive digital replacement cards through its mobile banking app. The $7.2 billion-asset credit union originally began working toward digital issuance of debit and credit cards in February of last year. Redwood accelerated its card replacement initiative…

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