Growth strategies

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.

The credit union has returned more than $50 million in "Relationship Rewards" to members since the program was put in place in 2013.

The $3.4 million dividend was the biggest payout in the credit union's history.

2016 will go down as another wildly successful year for credit unions, but it wasn't without its challenges.

Charter Oak Federal Credit Union has awarded more than $487,000 in annual $100 cash bonuses to its Gold Rewards members this December, making it the largest one-time bonus payout in the program's history.

NCUA’s recent field of membership ruling could massively expand credit union membership – provided CUs have the technology to capitalize on the opportunity.

The credit union has returned more than $8 million to members since 1996.

The two institutions will officially join forces on Jan.1, 2017, though full integration of accounts, products and services is not expected to be completed until May.

The Nebraska CU League says membership at credit unions in the Cornhusker State has risen by more than 15% over the past five years.

The Florida-based credit union’s new $12 minimum hourly wage will be nearly 50% higher than the state-mandated $8.10 per hour, and puts it in line with a growing number of credit unions that are bringing their pay structures closer to living-wage levels.

The partnership between the two groups aims to raise awareness and provide additional support for WOCCU’s global work.

Alaska USA Insurance Brokers in Anchorage has agreed to sell its commercial insurance and employee benefits books of business to Acrisure in Caledonia, Mich.

The Consumer Financial Protection Bureau is facing renewed pressure by consumer groups and think tanks to move forward with a plan that would rein in overdraft programs, but that product has been a boon to credit union revenue streams in recent years.

The $741 million-asset credit union’s partnership with Milk Money has raised nearly $75,000 for small Vermont businesses.

A tweak to the trade association’s full name will indicate its focus on all federally insured credit unions instead of just federal charters.

Wells Fargo continues to sustain damage from consumers who were put off by the company's phony account scandal.