Growth strategies

Five federally insured, low-income credit unions earned certification as community development financial institutions

The New York credit union is touting double-digit growth for 2016.

The $9.9 million CU will retain its identity even as it becomes part of much larger organization.

Credit unions in Arizona and Texas recently topped major asset milestones – Hughes Federal Credit Union, Tucson, Ariz., said it surpassed $1 billion in total assets, while Texell Credit Union, Temple, Texas, now has more than $300 million in assets

While the rising interest rate environment has gotten a lot of attention, plenty of other factors will play a role in CUs’ financial fortunes in the year ahead, including a potential Dodd-Frank rollback, rising delinquencies and more.

This is the fourth merger for UNIFY within the last 12 months.

HeritageWest and SouthWest Community CUs have both maintained their name and logo as divisions of Chartway FCU since they were acquired in 2010.

More than 420 FIs across the country offer Kasasa’s checking and savings account services.

Housatonic Teachers will operate under its existing name as “a division of Nutmeg State Financial CU” for the duration of 2017.

As the new Congress and administration take shape, the credit union trade association is ramping up lobbying efforts even as it celebrates a major milestone.

Oklahoma City, Okla.-based True Sky Credit Union on Thursday said it gave 2016 year-end rebates and bonuses totaling $359,000 to more than 50,000 members.

Cape Breton CU was created as a result of two CUs joining forces. The new institution currently serves approximately 5,800 members.

NCUA is also accepting nominations for consulting during the second half of 2017.

This is the 21st consecutive year the credit union has paid dividends back to members.

The credit union has rewarded nearly $3 million in patronage dividends to members since 2005.

The Juntos Avanzamos Hispanic outreach program continues its expansion across the United States, adding two credit unions in Colorado in the fourth quarter of 2016.

The credit union has returned more than $1.75 million to members over the last seven years.

The credit union has returned a share of its profits to members each year since 1980.

Christopher Credit Union in Chesaning, Mich., merged on Jan. 1 with United FCU of Saginaw following a November vote by CCU's membership that garnered 100% approval.

The acquisition is one of several mergers PenFed has made in the last year.