Growth strategies

At just $3.7 million in assets, tiny Financial 1st Federal Credit Union has voted to merge into Horizon FCU.

Credit unions that take advantage of hedging could see better execution and increased profitability in their mortgage operations.

Credit unions in the Great Lakes State saw widespread membership growth in 2019 but it was the third consecutive year in which the pace of growth slowed.

Limiting access to branches because of the pandemic has forced executives to re-examine whether they offer enough mobile and online services.

South Jersey Gas Employees Federal Credit Union will merge into Jersey Shore Federal Credit Union on June 1.

The number of deals per year was declining even before the pandemic, and it's unclear when things might pick up again.

Alabama Rural Electric Credit Union will merge into Alabama One later this year, creating a combined institution with a reach across 57 counties.

With branches closed and fewer opportunities for credit unions to have in-person interactions with members, the pandemic has reiterated the need for digital transformation in the industry.

The regulator formally announced the 60-day delay on Monday after tweeting about it over the weekend.

Fluke Employees Federal Credit Union has agreed to become part of Sound Credit Union and the transaction should close later this year.