Palash Ghosh

Bonus dividends offer positive PR opportunities, but only a relatively small number of credit unions issue them, according to a study by credit union consultancy Callahan & Associates.

Hudson River Teachers Federal Credit Union, a $51-million institution based in Mohegan Lake, N.Y., has changed its name to Hudson River Financial Federal Credit Union, effective immediately.

United Educational Credit Union, a $123-million institution based in Battle Creek, Mich., announced it will re-brand itself as "BlueOx Credit Union," effective January 1, 2016.

The Virginia credit union's website offers concrete reasons for becoming a CU member instead of a bank customer.

Keys Federal Credit Union, a $121-million institution based in Key West, Fla., announced the formation of a new volunteer board of directors and supervisory committee, just one week NCUA took Keys FCU out of conservatorship.

The National Federation of Community Development Credit Unions, announced Bank of America has made a $10 million investment in the Federation's Community Development Investment Program.

Area credit unions say they are optimistic the new wage won’t hurt them too badly.

America’s Credit Union Museum announced it has surpassed $2 million in pledges as it continues to reach its $3.3 million capital campaign target.

The Consumer Financial Protection Bureau (CFPB) announced it has appointed new consumer finance experts from outside the federal government to its Credit Union Advisory Council.

The board of directors of Chartway Federal Credit Union, a $2-billion institution based in Virginia Beach, Va., appointed Brian Schools as its new president and chief executive officer, effective Sept. 21.

The board of directors of Greylock Federal Credit Union, a $1.1-billion institution based in Pittsfield, Mass., named John Bissell as its new president and chief executive officer, succeeding CEO Marilyn Sperling, who will retire on Oct. 1.

As a new entrant to the lending arena, marketplace lenders pose a new, untraditional competitor for borrowers’ business, but credit unions might be able to find ways to work with them, not against them.

MONTGOMERY, Ala. — The Alabama State Employees (ASE) Credit Union has named Jared Freeman as its new chief executive officer, succeeding Ned McHenry, who will retire on Sept. 30, after 26 years of service at the CU.

Filene Research Institute announced that 16 credit union executives have been accepted to its Filene i3 program, which was formed to “foster the development of new ideas and innovations” for CUs.

Nearly a decade since the Federal Reserve last hiked the key short-term Fed Funds Rate, confusion reigns over what the central bank will do at its next policy meeting later this week, but credit unions have already taken steps to prepare for a rising-rate environment.

NCUA has launched an improved online Consumer Assistance Center (CAC) technology designed to make it easier and more efficient for consumers to make requests or file complaints.

St. Cloud Federal Credit Union, a $116-million institution based in St. Cloud, Minn., said it has launched a new "brand package" which features a new logo and the slogan: "bank on a meaningful difference."

Some suggest CUs should be concerned about NCUA Chairman Matz' proposal because it lacks formal, annual accountability that would come with being a rulemaking under the Administrative Procedures Act.

While credit unions have always catered to a wide variety of employee and community groups, among the most unusual may be the Amish and Mennonites. Credit Union Journal spoke to three institutions in this marketplace to get a better picture of what it's like to work with these largely isolated faith-based communities.

MIDDLETOWN, Pa. — Sollievo Group LLC, through its partnership with private insurance broker Lockton, announced it is offering a new auto loan program called Partial Recourse Protection (PRP) exclusively to credit unions.