Corporate governance

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.

Jim Nussle is celebrating his first anniversary as the head of CUNA by announcing a host of new initiatives including a dues reduction and non-voting membership classes for industry stakeholders such as vendors who serve credit unions. The announcement comes days after the trade group's board largely rejected changes recommended by its restructuring task force.

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

In the latest example of consolidation among corporate credit unions, the boards of directors for both Mid-Atlantic Corporate Federal Credit Union, Middletown, Pa., and First Carolina Corporate Credit Union, Greensboro, N.C., said they have agreed in principle to combine their organizations in a “merger of equals” that would continue the trend of corporate consolidation.

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.

St. Cloud Federal Credit Union and St. Cloud City and County Employees Credit Union in Minnesota have agreed to merge.

The 45 credit unions that earned a spot on our second annual ranking of the Best Credit Unions to Work For know how to have fun — and make a difference — at work.

While the group is adopting some changes in order to improve its advocacy efforts, the biggest and most controversial suggestion — that credit unions no longer be required to belong to both CUNA and their respective state leagues — was nixed.

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.

A CU-fueled collaboration has produced new insights into the keys to successful partnerships.