Jackie Stewart
Credit Union Journal
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Past articles by Jackie:
People First Federal Credit Union in Pa. finds next CEO out of state
Howard Meller, most recently CEO at New York's GHS Federal Credit Union, previously worked at Bank of America and SunTrust Bank before moving to the credit union industry seven years ago. → Read More
Credit unions confounded by Trump’s payroll tax order
Many employers aren't enthusiastic about an executive action that allows workers to delay paying certain taxes until next year. → Read More
What's keeping Alliant's new CEO up at night
Dennis Devine will have to navigate a number of issues, including economic strife and a pandemic, as he takes the helm at the $13 billion-asset institution. → Read More
NCUA approves 2020's first new credit union
Growing Oaks Federal Credit Union in Goldsby, Okla., plans to initially provide signature and auto loans and then later expand into mortgages. → Read More
Bleak economic outlook for credit unions
The industry will have to grapple with pressure on net interest margins, interchange income and credit quality, said CUNA Mutual's Steve Rick during a virtual conference. → Read More
Credit union earnings could be depressed for the long haul
The industry's return on average assets has already dropped substantially and there are predictions that could get even worse. Many institutions will have to deal with elevated provisions for loan losses and expense management to survive. → Read More
Google partners with SEFCU on consumer checking account
Members who use the account, which should be available starting in 2021, will manage it through Google Pay. → Read More
OnPath Federal Credit Union finds its next CEO
Jared Freeman will take over at the Harahan, La.-based institution having previously served in leadership roles at a variety of other credit unions. → Read More
Credit union assets surged in May: CUNA Mutual
The company's latest Credit Union Trends Report attributed the increase to rises in deposits and capital, along with a decline in borrowing. → Read More
Coronavirus made homeowners realize they don't like their houses
Home-renovation loans to add features such as offices and pools could be one source of lending as credit unions struggle with overall sluggish loan demand. → Read More
SEG facility closes, forcing small Virginia-based credit union to merge
Cadmus Credit Union agreed to merge into Chartway Federal Credit Union after one of its select employer groups said it would shutter the facility where its only branch was located due to business issues that arose from the coronavirus. → Read More
Can credit unions regain momentum in membership growth?
The streak of strong gains for new members was flagging by the end of 2019 and has only worsened since then. → Read More
Advantis Credit Union finds next CEO close to home
Jason Werts will take over as the leader of the Clackamas, Ore.-based institution in August. He is currently COO of Unitis Community Credit Union in nearby Portland. → Read More
Kinecta to add almost $1B in assets with Xceed merger
Combining the two Southern California-based institutions will create the state's eighth-largest credit union. The deal is also a homecoming of sorts of Xceed CEO Teresa Freeborn, who was previously an executive at Kinecta. → Read More
WEOKIE Federal Credit Union snags longtime industry exec as next CEO
Jeff Carpenter, who is currently the president and CEO of CME Federal Credit Union, will take over next year when Brent Taylor retires. → Read More
Core conversions go virtual amid pandemic
Switching core banking systems has long been done face to face, but the coronavirus has driven the process into the digital arena. The change could be permanent. → Read More
Deposits up, earnings down: 8 takeaways from NCUA's Q1 state-level data
The National Credit Union Administration's first-quarter look at credit union performance by state includes several metrics where the industry did not fare well. → Read More
Digital divide causing remote-work hurdles for banks, credit unions
The coronavirus has highlighted the issue of millions of Americans lacking access to high-speed internet at their homes. Financial services firms weren't spared from this challenge. → Read More
Coronavirus forces credit unions to rethink commercial underwriting
Small businesses have been hard hit by the pandemic, meaning commercial lenders are considering how they can better manage risk in this portfolio and make other changes to help. → Read More
Lucro Commercial Solutions outlines succession plan
Nick Darvill, who is currently president of the credit union service organization, will take over as CEO when Jim Gallagher retires from that position. → Read More