Ken McCarthy
American Banker
Harmony, PA, United States
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Past articles by Ken:
Guardians Credit Union in Florida names industry veteran as CEO
The West Palm Beach credit union named Steve Bosack as its new chief executive. He has worked for the National Credit Union Administration and Pentagon Federal Credit Union among other stops. → Read More
Small banks, credit unions work to quell panic after Silicon Valley Bank fails
Community lenders do not share the problems that led to the downfall of Silicon Valley Bank and Signature Bank — but their customers and members don't always know that. → Read More
A bumpy road ahead for credit union auto lending
Car loans are among the bread-and-butter products for credit unions, but slowing demand and growing delinquencies are putting some pressure on the category. → Read More
SeaComm Federal Credit Union to merge with New York neighbor
SeaComm Federal Credit Union of Massena, New York, and St. Lawrence Federal Credit Union of Ogdensburg, New York, are planning to merge by the end of the year. → Read More
MidWest America Federal Credit Union in Indiana names new CEO
The Fort Wayne-based credit union hired David Shadburne to replace Greg Mohr, who is retiring. → Read More
At small banks and credit unions, the C-suite is getting bigger
Firms under $1 billion of assets that never had a chief risk or credit officer, for example, are creating these roles — and in some cases filling them with executives who were displaced by a merger at their last employer. → Read More
Louisiana credit union expands field of membership into Arkansas
Centric Federal Credit Union, which previously covered only Ouachita and Lincoln parishes in north Louisiana, has received regulatory approval to add an additional 26 parishes and counties in its home state and neighboring Arkansas. → Read More
Clearview Federal Credit Union in Pennsylvania names first female CEO
The Moon Township-based credit union promoted Lisa Florian, its senior vice president of experience, digital strategy and marketing, to replace Ron Celaschi, who is leaving to become CEO of Patriot Federal Credit Union in Chambersburg. → Read More
New NCUA plan would add millions of credit union members
The National Credit Union Administration proposed a rule that would, among other changes, allow remote workers to join credit unions in their employer's market. → Read More
NCUA rejects North Dakota credit unions' bid to recoup funds
The National Credit Union Administration said 28 credit unions in North Dakota have failed to provide proof that they have a legal right to nearly $14 million related to the Corporate Stabilization Program. → Read More
NCUA sets deadline for credit unions to report a cyber attack
The National Credit Union Administration board approved a rule that will require credit unions to notify the agency of a breach within 72 hours. → Read More
Meriwest Credit Union promotes chief operating officer to CEO
The San Jose credit union elevated Lisa Pesta, who joined the company in 2000, to replace the retiring Julie Kirsch. → Read More
Why credit unions are charging more than banks for auto loans
Credit unions like to boast that they offer lower rates than banks, but many are bucking that trend to boost liquidity and offset other costs. → Read More
Truity Credit Union in Oklahoma hires new CEO
Aaron Beldner replaces Dennis Halpin, who retired last month. → Read More
Suncoast sets sights on Orlando expansion
The 10th largest credit union in the U.S. is expanding its Florida footprint to Orlando. → Read More
Longtime State Department Federal Credit Union CEO to retire
After 20 years at the helm, Jan Roche will step down from the company's top job this summer. → Read More
Coastal Credit Union hires industry veteran to be next CEO
The Raleigh, North Carolina-based Coastal hired Tyler Grodi to be its new chief executive effective April 1. → Read More
Amid fears of recession, credit unions predict strong lending in 2023
This year likely won't match 2022's heights, but executives expect loan growth to remain solid. → Read More
Banks, credit unions battle it out in upstate South Carolina
Greenville, in particular, is attracting financial institutions enticed by its growing population and healthy business climate. → Read More
United Heritage in Texas names new chief executive
The Austin-based credit union chose its chief strategy officer, Michael Ver Schuur, to be its next president and CEO. → Read More