Growth strategies

NASHVILLE, Tenn. — During opening remarks at the second day of the National Association of Federal Credit Unions' 49th annual Conference and Solutions Expo in here, President and CEO Dan Berger provided attendees with a positive outlook for the CU industry, while sending jabs toward the banking industry.

Gov. Nikki Haley recently signed S.652 – savings promotion contests legislation – after unanimous passage this May by both houses of South Carolina’s state legislature.

The former Kellogg Community Federal Credit Union (KCFCU) became known as Kellogg Community Credit Union (KCCU), effective June 1, in connection with receiving final regulatory approval to change the credit union’s federal charter to a state charter.

In the latest in a series of acquisitions for the $20 billion credit union in the past six months, PedFed expands into the San Antonio, Texas, marketplace.

The National Federation of Community Development Credit Unions has formed a partnership with Equifax Inc. to build the Westside Financial Capability Center in the Westside community of Atlanta, Ga.

Illinois Credit Union System (ICUS) CUSO subsidiary, ICUL Service Corp. (LSC), announced it has acquired equity interest in IronSafe, a cloud-based reporting system that offers enterprise report distribution solutions.

JACKSONVILLE, Fla. — Members of Florida Baptist Credit Union voted 92% in favor of a merger into First Florida Credit Union, with the transaction effective June 1, the two CUs said Friday.

The Delaware Credit Union League announced its member credit unions voted unanimously — by a tally of 28-0 — to merge the DCUL with the Cooperative Credit Union Association.

In an effort to remove barriers to entry and drive stronger membership growth, the $15 billion credit union is taking the concept of 'minimum balance' to a whole new level: $0.

MADISON, Wis. — Filene Research Institute has produced its inaugural report on organizational culture and entrepreneurship.

Taking a page from the age-old adage of "if you can't beat 'em, join 'em," credit unions are ramping up efforts to partner with fintech companies.

In an effort to attract college-age members for possible future employment, East Lansing, Mich.-based MSU Federal Credit Union welcomed 24 interns to its inaugural Financial Innovation and Education Center.

The low-interest-rate environment, combined with years of dire NCUA warnings about staying away from long-term investments, has left credit unions wondering exactly how they are expected to generate income. Credit Union Journal asked attendees of the CUNA CFO Council Conference in Anaheim, Calif., how they deal with this quandary.

Georgia United Credit Union announced it has reached a key business growth milestone, surpassing the $1-billion mark in total assets.

Credit union strategists and economists share perspectives on where the economy is heading and, more importantly, what credit unions should be doing right now to be ready for almost anything.

ALEXANDRIA, Va. -- Low-income credit unions seeking Community Development Revolving Loan Fund assistance should give themselves sufficient time to file their applications, the National Credit Union Association said Thursday.

Keystone Federal Credit Union’s members “overwhelmingly approved” a proposed merger with TruMark Financial Credit Union on Wednesday.

Georgia Credit Union Affiliates and the Association of British Credit Unions Limited announced last week the formation of a mutual learning partnership among credit unions in Georgia and England, Scotland and Wales.

Though Catholic credit unions face many of the same challenges others do, they also must contend with some concerns that are specific to serving a religious organization, which is what pushed 11 credit unions that all serve Catholic churches to band together.

National Credit Union Administration will host a free webinar next month that examines how credit unions can achieve sustained growth using multi-strategic initiatives.