Frank Gargano
American Banker
New York, United States
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Past articles by Frank:
Credit union leaders share best practices to improve lobbying efforts
Executives have ramped up initiatives for educating members, staffers and directors on how to gain support from legislators. → Read More
As credit unions push for diversity, politics start to push back
Credit unions have individually made progress in making their ranks more diverse and inclusive, but their efforts are starting to bump up against the political discourse over "woke" corporate cultures. → Read More
After FTX, credit unions evolve their approach to crypto
The collapse of the Sam Bankman-Fried's controversial crypto exchange changed consumers' view of digital assets. Credit unions, in turn, pivoted to focus on lower-risk services. → Read More
Second branch of Lake Michigan Credit Union launches union bid
Employees at LMCU's Bonita Beach Road location in Florida announced their intent to organize to address claims of being overworked. → Read More
Telhio Credit Union plans CEO transition this summer
Derrick Bailey, the Ohio credit union's president, will become chief executive as expected. He will succeed Leslie Bumgarner, who announced her plans to retire last year, on July 1. → Read More
A credit union teams with HGTV house flippers to revitalize Detroit
Community Financial Credit Union is partnering with the hosts of "Bargain Block" to renovate low-cost homes and help prospective buyers qualify for their first mortgage. → Read More
Appalachian Community Federal Credit Union names new CEO
Andrew J. Mullins III succeeded Kelly Smith as president and CEO this month. Smith has been interim CEO since 2019. → Read More
Michigan State University Federal Credit Union reacts to on-campus shooting
After a shooting at its sponsoring university left three students dead and five in critical condition, MSU Federal Credit Union is providing mental health assistance to employees and has offered its support to the MSU community. → Read More
Banking on sisterhood: A Black sorority launches a credit union
For Members Only Federal Credit Union in Chicago, which was founded by the African American sorority Alpha Kappa Alpha, is focused on helping members build generational wealth. → Read More
Red Rocks Credit Union in Colorado names new CEO
Darius Wise was tapped to become the credit union's chief executive in full, after holding the role of interim CEO since May 2022. → Read More
NCUA's first 2023 charter goes to social justice-focused credit union
The Chicago-based For Members Only Federal Credit Union's mission is "fundamental" to the mission of the industry, according to the National Credit Union Administration. → Read More
Patriot Federal Credit Union in Pennsylvania names new CEO
Ronald Celaschi will succeed Brad Warner, who announced his intention to retire last year. → Read More
Lake Michigan Credit Union fires employee who formed labor union
Ivan Diaz, a former member service representative who led the unionization campaign for staff of the South Division Avenue branch last year, was fired on Feb. 1. He alleges his role in the campaign is the true cause of his dismissal. → Read More
Bipartisan bill on credit union governance clears first hurdle
The House of Representatives approved a bill that would amend the Federal Credit Union Act to halve the number of board meetings many credit unions would have to conduct each year. → Read More
TrueCore Federal Credit Union in Ohio names new CEO
Jason Hall is taking over for Jay Young, who announced his retirement in 2021. → Read More
Citizens State Bank in Texas selling branch to credit union
First Central Credit Union in Waco, Texas, agreed to purchase the branch and various assets from the bank, which is refocusing on its Harris and Tyler County markets. → Read More
NCUA extends 18% interest ceiling for federal credit unions through 2024
The National Credit Union Administration has held the rate cap for loans issued by federally-chartered institutions in place since 1987, despite recent calls to raise it. → Read More
Risky business: A look at the NCUA's supervisory priorities for 2023
Interest rates, liquidity and credit are among the National Credit Union Administration's top concerns. → Read More
CEO of Ascend Federal Credit Union in Tennessee is retiring
Caren Gabriel, who joined the credit union in 1985 as a staff attorney and became president and chief executive in 2004, will be succeeded by executive vice president and chief operating officer Matt Jernigan on April 8. → Read More
NCUA places Texas credit union into conservatorship
The National Credit Union Administration put Valwood Park Federal Credit Union into its care this month, citing concerns of unsafe and unsound business practices. → Read More