Growth strategies

Power Financial Credit Union, a $575 million institution based in Pembroke Pines, Fla., announced Monday that it will merge with the $43 million Ryder System FCU.

About 40% the credit union’s six million members are millennials and represent the largest segment of the $75 billion institution’s membership base.

Second largest credit union in the nation now focusing on state league membership requirements; still not affiliated with Carolinas CU League.

RALEIGH, N.C. --Coastal Federal Credit Union in, has bought the naming rights to a major concert venue in its headquarters city here.

State Employees' Credit Union, the $31.8-billion behemoth based in Raleigh, N.C., announced it is re-affiliating with the Credit Union National Association, citing the organization's "new vision" and "new direction."

Royal Credit Union on Wednesday said it has entered into a definitive agreement to acquire Capital Bank, Saint Paul.

Low-income CUs that need support to grow, train staff and improve security can apply for assistance grants through the agency's Community Development Loan Fund.

The $189 million-asset credit union has asked approval from state and federal regulators to convert to a state-chartered mutual savings bank.

KNOXVILLE, Tenn. — The inaugural TNMIC Conference took place here last week, drawing more than 80 credit union young professionals from across Tennessee, organizers said.

COLORADO SPRINGS, Colo. — Aventa Credit Union recently launched its all-new website, which it said features a "fresh, modern look," improved functionality and enhanced content.