L’Ecuyer to Retire From Central One FCU
Central One Federal Credit Union’s longtime leader, David A. L’Ecuyer, plans to retire from the Shrewsbury-based credit union this year.
Metro Credit Union Opens Reading Branch
Chelsea-based Metro Credit Union has opened a new branch in Reading, the credit union’s 15th branch.
Berkshire Credit Unions Complete Merger
Amid the merger activity involving some of the largest Massachusetts-based banks, the state has also seen some credit unions combine.
New Legislation Modernizes Credit Union Laws
Massachusetts’ credit unions will now have expanded opportunities for mortgage lending after the governor signed a bill yesterday that modernizes credit union laws.
Most MA Credit Unions Saw Positive First Quarter Growth
Most Massachusetts credit unions had positive net income during the first quarter despite the start of the coronavirus pandemic, according to data released by the National Credit Union Administration.
Muise to Retire from First Citizens’ Federal Credit Union
Peter Muise will retire as president and CEO of Fairhaven-based First Citizens’ Federal Credit Union. The credit union’s current chief operating officer will step in immediately as president and become CEO early next year.
Harvard Credit Union Names Craig Leonard CEO
Harvard University Employees Credit Union has named Craig Leonard its new president and CEO. Leonard will replace longtime CEO Gene Foley, who will retire on July 17.
First Citizens’ Adds Hanover Branch
Fairhaven-based First Citizens’ Federal Credit Union has opened a new branch in Hanover.
Proposal Would Allow State Banks To Convert Or Merge Into Credit Union
State chartered credit unions in Massachusetts have for a while been allowed to convert into a bank or merge into a bank. But those acts could not technically be reciprocated.
State Workforce Training Fund Awards Grants To Four CUs, Three Community Banks
Four credit unions and three community banks received grants from the commonwealth’s Workforce Training Fund Program to cover costs associated with employee training, developing worker skills, increasing productivity and enhancing the competitiveness of Massachusetts’ businesses.
CFPB HELOC Update A Boon For Credit Unions
Many credit unions in Massachusetts will no longer have to report home equity line of credit (HELOC) data to federal regulators after the U.S. consumer watchdog agency earlier this week vowed to raise the reporting threshold.
Liberty Bay CU Moving Headquarters To Former Fidelity Office Space
Liberty Bay Credit Union signed a lease for space in a 4-story, 89,466-square-foot office complex in Braintree.
ACSI: Credit Union, Insurance Industries Decline In Customer Satisfaction
As the credit union industry has grown in membership,...
