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Gabe Krajicek, CEO of Austin, Texas-based BancVue, a wholesale financial services company, reminded credit unions to be aware of the potential for a short-term interest rate hike in 2015.

RIVERSIDE, Calif. — Altura Credit Union reported $3.82 million in net income during the second quarter of 2014, marking 13 consecutive quarters of positive earnings.

Essex Bank in Richmond, Va., recently launched a wholesale mortgage funding group.

LAS VEGAS — Credit Union Journal asked attendees of NAFCU Annual Conference last month to look ahead to the strategic planning season and answer the question: Is your credit union adding any new agenda items this year?

FORT WAYNE, Ind. — Don Cates is eyeing banks in the northeastern section of the Hoosier state more carefully these days.

BIRMINGHAM, Ala. — The biggest trend in credit union strategic planning over recent years has been considering it more as a process than an event.

Bank of the Ozarks in Little Rock, Ark., has agreed to buy Intervest Bancshares in New York for $228.5 million in stock.

LAS VEGAS — With less than a year before implementation, the clock is ticking for financial institutions that need to overhaul mortgage disclosures.

ALEXANDRIA, Va. — Robert Scott has dedicated much of his life to helping credit union members, serving on Pentagon FCU's board of directors for the last 28 years.

LAS VEGAS — NCUA's Office of Small Credit Union Initiatives has undertaken an "impact study" to determine how effective it has been in working with small CUs.

NEW YORK — It's a new day at Credit Union Journal, and along with that comes a vastly expanded and improved "Day in the Life of Credit Unions."

WESTERN, Wis. — WESTconsin Credit Union on Thursday named Lora Benrud as the new CEO of the $907 million CU.

The troubled Greenville, S.C., bank lost $15 million in the second quarter, its first quarterly results since a new management team replaced the three founders who were fired in April. Moreover, local NAACP leaders have raised concerns about the firings, which they say sent a toxic message to the local African-American community.

Sun Bancorp in Mount Laurel, N.J., reported a second-quarter loss due to one-time charges related to its ongoing restructuring efforts.

If finalized and then approved by regulators, the combination of the Des Moines and Seattle Home Loan banks would be the first voluntary merger in the system’s history.

First Bancorp in Southern Pines, N.C., posted a 20% jump in its second-quarter earnings as its provision for loan losses declined and fee income increased.

ALEXANDRIA, Va. — The NCUA Board unanimously approved a rule Thursday morning to eliminate the 5% cap on fixed assets.

Banc of California in Irvine reported a jump in second-quarter profits, fueled by strong growth in its loan portfolio.

TFS Financial in Cleveland reported that its quarterly profits increased as net interest income rose and its loan-loss provision shrank.

WESTMINSTER, Colo. and WARRENVILLE, Ill. — System United Corporate Federal Credit Union, better known as SunCorp, on Wednesday announced its intent to merge with Alloya Corporate Federal Credit Union of Illinois.