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WOCCU’s leader says she hopes there’s a chance to rehire employees.
Workers FCU took a $62 million hit as it dumped underwater bonds acquired when interest rates were low.
Gloria Jean Hall’s fraud and antiquated business practices led to the merger of one of the nation’s oldest federal credit unions founded by a Black university.
VyStar posts a $100 million loss —the largest three-month loss— followed by an $81 million loss by Connexus.
The PenFed SVP and military veteran discusses supporting veteran entrepreneurs and the fun ways he’s experimenting with AI.
Integrate AI responsibly, balancing technology with empathy and high-quality, evolving, personalized member experience.
Eighteen positions were eliminated in January. Although the credit union laid off 16 employees in November, 14 were retained with other job offers.
Higher charge-offs, stagnant income and dwindling auto lending are major contributors.
Cleveland comes from Sound CU in Washington State, where she served as EVP and COO.
There appears to be growing bipartisan support to repeal the rule.