Branch network

SAN DIEGO – North Island CU, which reported a $50.2 million loss for 2008, announced plans last week to close three branches and lay-off the employees at those facilities.

RACINE, Wis. — If the credit union is going green, how quickly will it see payback on its energy-efficient investments? Industry experts provide their advice.

SANTA ROSA, Calif. — For one hour, things looked a little dark for Redwood Credit Union.

VANCOUVER, Wash. — Earth-loving credit unions, those that invest in environmentally friendly branch design, are much more likely today to have the Earth love them back.

JACKSONVILLE, Fla. — Community First CU of Florida received the 2008 Environmental Protection Board Award from the city of Jacksonville for having the first CU location in northeast Florida to be LEED certified.

FORT WAYNE, Ind. – Pinnacle CU, the oldest credit union in the city, is holding a ribbon cutting April 23 to celebrate the grand re-opening of its West Jefferson branch lobby, which has been recently renovated.

YAKIMA, Wash. – Catholic CU said it is opening a branch in the new Wal-Mart Supercenter.

DENVER – Public Service CU announced yesterday it has opened branches in the suburbs of Greeley and Brighton, where it just acquired Brighton Cooperative FCU.

LEOMINSTER, Mass. – Leominster CU broke ground this week on a three-story, 28,500 expansion of its headquarters in the downtown.

PHOENIX – Arizona FCU, which reported a credit union-record $115.9 loss last year, said it plans to shutter two more branches, both of them in Tucson.

FAIRFAX, Va. – Apple FCU opened a new branch, its fourth over the past year, in the Kingstowne section of Alexandria.

DALLAS – Prestige Community CU, one of the oldest credit unions in Dallas, will dedicate its new 6,700-foot headquarters with a ribbon-cutting ceremony Thursday.

RIVERSIDE, Calif. – Altura Credit Union, which posted a $6.1-million loss in 2008, said it will shutter two branches and convert a third to an electronic branch, in the process cutting 35 jobs, or 15% of its workforce.Overall, the $958-million Altura CU has also chosen not to fill an additional 27 open positions over the past 12 months. The total number of eliminated and unfilled positions represents 20% of Altura’s staff.Mark Hawkins, Altura’s president and CEO, told Credit Union Journal the troubles in the regional economy have led to hardships for the credit union, but the recent special assessment from NCUA to bolster the corporate credit unions followed by the conservatorship of San Dimas-Calif.-based WesCorp have proven to be too much to handle without making reductions. “This has been tough,” he said. “Our area certainly has had its challenges during the economic downturn. The final straw was having to pay the NCUSIF and the corporates. We will have to pay more than $9 million, and that is on top of our loan losses. We sat down and looked at those branches we could live without, and those positions that were not absolutely critical to our moving forward.”Sixteen branch positions and 19 positions at Altura’s headquarters were eliminated as part of the downsizing. In an effort to minimize layoffs, Altura said it has implemented a series of cost-cutting measures. These include reducing benefits and compensation for all employees, including the senior management team. “Just like our members, every one of us is having to sacrifice during this economic downturn,” Hawkins said.

What Gets Measured, Gets Done: The following article is one of six that, as part of Credit Union Journal's ongoing series on growth, takes a look at measurement metrics. The other articles can be found in the related links box on the right.

What Gets Measured, Gets Done: The following article is one of six that, as part of Credit Union Journal's ongoing series on growth, takes a look at measurement metrics. The other articles can be found in the related links box on the right.

What Gets Measured, Gets, Done: The following article is one of six that, as part of Credit Union Journal's ongoing series on growth, takes a look at measurement metrics. The other articles can be found in the related links box on the right.

NORMAN, Okla.– FAA CU has opened a new branch here in the former home of Fazoli's restaurant, which was the city’s first McDonald's location.

PALMYRA, Penn. – Members 1st FCU plans to open a student-run branch in Palmyra Area High School next month, the credit union fifth in-school facility.

HURRICANE, Utah – America First CU said it opened a new branch here inside the Wal-Mart store, the $4.4 billion credit union giant’s 87th branch.

ONTARIO, Calif. – The California and Nevada credit union leagues move into the new headquarters in the Ontario Airport Towers later this week.