Corporate governance

ENDICOTT, N.Y.-Retailers weren't the only beneficiaries of strong post-Thanksgiving consumer demand. At least two CUs held Black Friday specials, one netting 700 loan apps and another 585 new members.

LANCASTER, Penn.-Over the next 10 years, the credit union formerly known as Mennonite Financial FCU is projecting it will exceed even the 15% to 20% average annual growth is has enjoyed over the last decade.

SAN JOSE, Calif. – Technology Credit Union has created a Wealth Management Division by combining its private banking, personal banking and investment services departments.

ANAHEIM, Calif.-Credit Union Journal asked attendees of the California and Nevada CU Leagues' Annual Meeting and Convention, "What is your growth focus for 2011?"

A low-rate signature loan-in some cases 0%-helped a branch of DuPont Community CU to more than double its monthly member growth rate.

LAS VEGAS — Understanding member profitability is about more than knowing the members the credit union has — it's about knowing the members the credit union could have.

SAN BERNARDINO, Calif.-More credit unions have to share data processing systems. That's the opinion of Gregg Stockdale, CEO of the $35-million 1st Valley CU.

LAS VEGAS-The next "big thing" for financial services will be "profitability risk," and it might apply to credit unions more than any other type of institution.

LAS VEGAS-An audience of bankers and CU execs at BAI's Retail Delivery Show had these questions ...

LAS VEGAS-Standing next to a graphic showing the logos of well-known companies that have foundered or disappeared in recent years, Rich Weissman, CEO of database company DMA, said there's a question leaders must ask themselves: How did that happen?

WEST PALM BEACH, Fla.-Faced with shrinking ROA and growing compliance demands, credit unions and leagues are collaborating to devise solutions to keep small CUs in business.

RUSSELLVILLE, Ark.-Nancy Mattox believes unrelated business income is what will carry small credit unions through their current problems.

ERIE, Penn.-Eleven small Pennsylvania CUs have formed a working group to help each other grow.

LAS VEGAS-After making the difficult decisions to close two branches and lay off 18% of its staff in 2009, Bay Federal Credit Union is embarking on an overhaul of how it prices its products according to the member who is using them.

ONTARIO, Calif.-The California and Nevada CU League is making compliance the initial focus of its CU Roots CUSO.

OLD FORGE, Penn.-A year ago Incol CU would never have considered taking out a full-page newspaper ad and partnering with a local car dealership on an auto loan promo.

HARRISBURG, Penn.-The Pennsylvania CU Association it making it more affordable for small credit unions to call in the league's "Compliance Cavalry."

LANCASTER, Penn. – Mennonite Financial FCU and Mennonite Mutual Aid (MMA) have adopted a unified identity – Everence.

SYRACUSE, N.Y. – Empower FCU, which has grown to $920 million through a series of mergers, has agreed to acquire Providers FCU, a troubled $10 million credit union here.

WEST LAFAYETTE, Ind. – Purdue Employees FCU said it is dropping the “Employees” from its name to avoid any confusion on membership eligibility, as it acquires $6 million Members United FCU of nearby LaPorte, Ind.