Growth strategies

A new report from the Filene Research Institute outlines the challenges faced by adults simultaneously caring for aging parents and adult children, and how credit unions can help ease the strain.

A number of credit unions have already begun to raise their minimum wage – in some cases doubling the federal minimum – but it remains to be seen if legislative action or market pressures spread the trend more widely.

In addition to individual credit unions, the Maine CU League will also be honored.

NCUA data analyzed by NASCUS shows state-chartered CUs now hold nearly 50% of all industry assets and are growing at a faster pace than FCUs, but there is little difference between the two charters when it comes to many key performance metrics.

San Diego County Credit Union is reporting “positive” financial results for the third quarter of 2016.

The combined credit union will serve approximately 50,000 members with $335 million in assets.

We know some credit unions won't much like our story presenting the bankers' arguments on FOM and MBL, but ignoring them would be unwise.

The $15.7 billion-asset credit union gained 20,000 new members in the six-month period after it shed a $5 minimum-balance requirement on share accounts.

The campaign, coordinated by Credit Unions for Kids, aims to raise awareness for credit unions and benefit Children’s Miracle Network hospitals.

The CUSO has paid out $465 million in patronage dividends since 1994.

Rising interest rates are a near certainty, analysts say, but plenty of unknowns remain, including how populist movements in Europe might impact the global economic picture.

Sandia Laboratory FCU in Albuquerque has returned at $10 million special dividend to members as a way to thank them for their continued support of the credit union.

The credit union has returned more than $9 million in bonus dividends and loan interest rebates to members during the last eight years.

Membership surpassed 106 million, even as larger credit unions continue to see the lion’s share of the industry’s growth.

The credit union credited its commitment to community with fueling the recent growth.

The unemployment rate hit levels not seen since August 2007, but one quarter of the unemployed population is “long-term unemployed.” Still, the jobs news almost guarantees that the Fed will raise rates when it meets next.

Hawaiian Tel FCU absorbed tiny Board of Water Supply FCU, which posted a loss of more than $80,000 last year and lost $46,000 during the first three quarters of 2016.

The combined institution will now serve more than 16,000 members with $142 million in assets.

The management team for the popular Las Vegas production offered insights into the importance of human capital.

The $7.7 billion-asset San Diego County CU has launched its own mobile wallet offering as part of a partnership with CU Wallet.