BrightBridge Credit Union Names New CFO
BrightBridge Credit Union has named Laurie LaChapelle chief financial officer of the credit union.
DCU Merger Gets Regulatory Approval
The nation’s credit union regulator has approved the proposed merger between Marlborough-based Digital Federal Credit Union and California-based First Tech Federal Credit Union.
Local Bank Employees Named Rising Mortgage Stars
Aidan Sullivan, secondary market analyst at The Cooperative Bank of Cape Cod, has been named the 2024 “Rising Star of the Year” by the Massachusetts Mortgage Bankers Association.
Workers Credit Union Adds Former DCU VP
Workers Credit Union has a new chief information officer who left Marlborough-based DCU to join the Littleton-based credit union.
The $28B Merger That’s Not About Scale
Once DCU and California-based First Tech Credit Union join up, the combined entity will be one of the five or six biggest credit unions in the nation. But to its future president and CEO, Shruti Miyashiro, this deal wasn’t about chasing size.
With Debt Cheaper, Expect Bank M&A Rebound
The fall opened with flurry of bank M&A in Massachusetts, and more deals could be on the horizon as the Federal Reserve follows through on promised rate cuts.
DCU to Merge with Bay Area Credit Union
The new entity will emerge as a $28.7 billion credit union serving nearly two million members with more than 50 branches in eight states.
Personnel File – No. 339
Who’s on the move? From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s The Personnel File.
Community Good Works
Fall River-based BankFive announced the first annual recipient of money from its President’s Scholarship Fund: a $40,000 scholarship for a local high school senior. See who else gave back.
Lupoli Buys Downtown Littleton Property at Center of Gun Controversy
Lupoli Companies is expanding its portfolio of properties in Littleton, where the Lawrence developer already is planning a redevelopment of the former IBM campus.
Jim Regan to Retire from DCU, Successor Named
Jim Regan, the longtime leader of Marlborough-based Digital Federal Credit Union, plans to retire this summer, and the credit union’s board has selected an industry veteran from California to replace him.
Community Good Works
Woburn-based Cummings Properties recently pledged $20 million dollars through its foundation to the Rhode Island-based university to support its provision of multidisciplinary architecture and real estate education.
DCU Sponsors College Hockey Polls
Digital Federal Credit Union, known as DCU, has signed a deal with U.S. College Hockey Online (USCHO.com), giving the Marlborough-based credit union a website presence and on-site branding when the men’s college hockey championships come to Boston in April.
Major CUs Team Up to Compete with Neobanks
With the pandemic shining a light on the challenges faced by households that lack banking relationships, four credit unions, including two in New England, have joined together to launch a mobile app that they say could help address the problem.
DCU, Three Other CUs Launch Challenger Bank
Marlborough-based Digital Federal Credit Union, better known as DCU, has joined forces with three other credit unions to launch a challenger bank targeted at low- to moderate-income customers.
Community Good Works
Banks and credit unions throughout Massachusetts surprised local heroes and nonprofits alike with donations in recent weeks in thanks.
Garbage In, Garbage Out
Online mortgage applications tend to have a higher fallout rate when compared to other omnichannel methods. What are some ways lenders can improve the digital mortgage experience?
Grafton Stop & Shop Plaza Sells for $19.1M
A Stop & Shop-anchored shopping plaza just off the Massachusetts Turnpike in Grafton has sold for $19.1 million.
Lenders See Opportunities with Personal Loans
From vacation spending and major purchases to emergency expenses and debt consolidation, consumers in recent years have turned to personal loans for their cash needs.
Could Fed’s Rate Cut Ease Pressure on Bank Profits?
As long-term rates dropped before the Federal Reserve began making moves on short-term rates, the spread between what’s paid on deposits and earned on loans continued to flatten, hurting profits for many community banks. Last week’s decision by the Federal Reserve to cut interest rates for the third time this year could add some steepness back to the yield curve and help reverse this trend.
