Nevada

LAS VEGAS — Gesa Credit Union won the Diamond Best of Show Award — the highest honor in the CUNA Marketing & Business Development Council's Diamond Awards competition — during the Council's 22nd annual conference here.

BOULDER CITY, Nev. — While most credit unions say they would like to attract younger members, Boulder Dam CU reports a remarkable 85% penetration of 18-to-29 year olds in its field of membership.

LAS VEGAS — One Nevada Credit Union continued its strong recovery with net income of $7 million in 2014, the now $729 million CU reported.

LAS VEGAS — The longtime head of Clark County Credit Union plans to retire this summer, Credit Union Journal has learned.

Homeowners associations seeking unpaid dues are seizing on a court decision allowing them to foreclose on properties ahead of banks, and the FHFA is litigating to defend Fannie and Freddie mortgages. Private lenders, meanwhile, are trying to keep the problem from spreading to more states.

LAS VEGAS — Silver State Schools Credit Union had $2.76 million in net income during the fourth quarter of 2014 — its 11th consecutive profitable quarter — and $13.27 million in net income for the year.

Clark County Credit Union said it has awarded $2.7 million to nearly 34,000 members in the form of a bonus dividend.

LAS VEGAS — How difficult is it for marijuana businesses to maintain relationships with mainstream financial institutions? Just ask Jon Levine.

LAS VEGAS — Despite unprecedented levels of support for marijuana legalization in the United States, businesses that work with this budding industry repeatedly voice the same complaint: the inability to obtain and sustain banking relationships because pot is illegal under federal law.

Seacoast Commerce Bank in San Diego has created a new holding company.

LOS ANGELES — With a former credit union executive running for a seat in the U.S. House of Representatives — plus other races of note — politics will be a bigger issue than usual for CUs in California and Nevada this fall.

LAS VEGAS — With the manner in which credit unions and their members interact changing with every technological development, CUs need to master the art of outreach.

The Credit Union National Association has named the winners of its 2014 Community Credit Union of the Year Awards.

LAS VEGAS — While nine hopefuls entered, five credit unions with innovative, forward-looking technology solutions were recognized with awards here during the 2014 CUNA Technology Council and Operations, Sales and Service Council Conference earlier this week.

AS VEGAS — Credit union boards must always have an eye on succession plans for both themselves and for upper management.

CARSON CITY, Nev. — After having its member business lending program sidelined by regulators in 2010, Greater Nevada CU is making a comeback, having increased its business lending portfolio by 115% over the past 18 months.

LAS VEGAS — Credit unions must be aware of and adapt to fundamental changes in the world around them, such as a younger generation that would rather use financial applications than go to financial institutions.

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?

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

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.