Corporate governance

Ascend Federal Credit Union, a $1.8-billion institution based in Tullahoma, Tenn., said it has issued bonus dividends and loan interest refunds totaling more than $6 million.

LA CROSSE, Wis. -- Marine Credit Union announced Monday that it has completed its merger with United Service Community Credit Union.

KINGSPORT, TENN. — Eastman Credit Union announced over the weekend that it will issue a $10 million extraordinary dividend to members as a reward for doing business with the CU.

Peoria, Ill. – Citizens Equity First Credit Union (CEFCU), a $5.2-billion institution based in Peoria, Ill., said its board of directors has issued a $40 million “extraordinary dividend” to its members for the second consecutive year.

After more than a year of debate, the trade association is amending its bylaws that required credit unions to belong to both CUNA and their respective state leagues. Credit Union Journal offers a look at how the debate finally got to this point.

The credit union industry as a whole continues its streak of strong quarterly results, but the “great divide” between large and small CUs still exists.

In dramatic move, trade group says it will draft new bylaws and present to membership in early 2016.

Now that the state House of Representatives has passed the legislation, all eyes turn to the state Senate, where the Michigan CU League expects to find strong support for the modernization effort.

Elevations Credit Union in Boulder, Colo., has launched a new website, featuring a responsive desi

Scott Credit Union declared a bonus dividend and loan interest rebate, giving back more than $1.3 million to its members.