Growth strategies

Concerns over surviving another recession coupled with issues such as keeping up with technology could cause more credit unions to find partners.

The New York-based institution has returned more than $8 million to members since 2003.

Given their price, higher interest rates and appeal to a specific consumer segment, recreational vehicle loans could be a significant growth segment for some credit unions.

Membership was previously only available to consumers in five counties.

Credit Union Journal's annual showcase of some of the industry's most innovative and effective growth strategies.

The $7.6 million-asset shop is the latest postal credit union to be absorbed by a larger institution.

The company also disposed of a large agricultural loan that was nonperforming.

Now known as OnPath FCU, the institution originally served employees of Avondale Shipyard, Inc., but today serves members across the southwestern portion of the state.

The move will allow MVB to devote more resources to Northern Virginia and its fintech business.

The Peach State is the latest to offer gamified savings programs as an incentive to draw in deposits and improve consumers' behavior.