Speed named new CEO of Mutual Savings Credit Union

Mutual Savings Credit Union headquartered in Selma, AL has named Kendall Speed as its new president/CEO. Speed, who has been with Mutual Savings for more than 15 years, previously served as chief financial officer and executive vice president. Former CEO Douglas Key will remain with Mutual Savings as senior vice president of strategic planning after […]

GTE named Tampa Bay Business Journal Benefactor of Year

GTE Financial Credit Union was recently awarded Tampa Bay Business Journal’s 2016 Corporate Philanthropy Award in its category, as well as the publication’s highest honor, the Benefactor of the Year award. According to GTE Financial, the credit union contributed more than $636,000 to nonprofits and charities last year, along with more than $51,000 in in-kind […]

Tampa Bay Business Journal names USF FCU as 2016 awards finalist

USF Federal Credit Union (USF FCU), headquartered in Tampa, FL  has been selected as a finalist for the Tampa Bay Business Journal’s 2016 Corporate Philanthropy Awards. The 21 finalists will be recognized today at Tropicana Field in St. Petersburg, FL. The Tampa Bay Business Journal’s Corporate Philanthropy program was created to, “spotlight the many corporate-sanctioned […]

CUNA Board rejects ICBA’s lawsuit

CUNA’s Board of Directors passed a resolution stating CUNA’s commitment to fight against the baseless lawsuit filed against the NCUA and its member business lending rule by the Independent Community Bankers of America (ICBA). In support of that resolution, CUNA is sending a letter to all member credit unions with additional details. “CUNA’s board and […]

New numbers show mortgages on the grow for CUs

Homebuyers are turning to credit unions for their mortgages, which is providential for the industry. Data from the latest CUNA Mutual Group Credit Union Trends Report revealed that credit union first mortgages grew by 1.3 percent during June. The figure represents 8.3 percent year-to-date growth. A boom in adjustable-rate first mortgage balances shows them up […]