Growth strategies

Two California credit unions, Eagle CU in Lodi and UNIFY Financial CU in Torrance, plan to merge.

The University of Hawaii Federal Credit Union reported $1.3 million on assets of $583 million for the first quarter.

Philosophically speaking, credit unions are member-centric, but in order to stay in business so they can keep helping those members, here are some expert strategies for boosting profitability.

Despite recent major gains in loans and membership, CUs have seen costs rise while other key ratios — such as ROAA and net interest margin — have slipped, calling for a focus on cutting costs.

SF Municipal Railway EFCU members approve deal with UNIFY by ‘overwhelming majority vote.’

The number of credit union charters is decreasing at a rate of about one every business day — mostly small CUs that are being merged out of existence. But some experts suggest there a number of tools these institutions should be using to not only survive, but thrive.

MADISON, Wis. – The National Credit Union Foundation announced that nominations for the 2017 Herb Wegner Memorial Awards are now open.

Community Development Financial Institutions (CDFIs), along with community development practitioners and the general public, are invited to comment on a proposed FY 2016 CDFI Prize Competition, the U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) said in a news release Wednesday.

ORLANDO, Fla. — Insight Credit Union (ICU) announced a partnership Tuesday with the Orlando Predators Arena Football team as the, "presenting sponsor for all networking and business-to-business events during the 2016 season."

Silver State Schools Credit Union reported net income of $2.74 million in the first quarter of 2016, as compared to net income of $2.88 million for the first quarter of 2015, and $4.19 million for the fourth quarter of 2015.