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There is no quick fix when it comes to reducing expenses at credit unions, but "significant and sustainable" cost reductions can be realized through many small steps, according to one analyst.

There are many opportunities for CUs to cut expenses, from improving project management to greater efficiencies, according to Bob Parks.

An analysis of more than 700 banks that maintained CAMEL 1 ratings over the past six years has found no single commonality for that success.

One small credit union that put itself through a "brutal" review of every expense believes it is now well-positioned to grow and to serve niche markets.

NEW ORLEANS – NCUA this evening shuttered Oschner Clinic FCU, a $9 million credit union serving Ochsner Clinic Foundation and Ochsner Health System and assigned the assets of the year’s tenth credit union failure to ASI FCU.

HIGHLAND HEIGHTS, Ohio – NCUA said this morning it has taken under conservatorship PEF FCU, originally the credit union for employees of Picker X-Ray, and will work to resolve the troubles at the $32 million credit union.

HIGHLAND HIGHTS, Ohio – NCUA said this morning it has taken under conservatorship PEF FCU, originally the credit union for employees of Picker X-Ray, and will work to resolve the troubles at the $32 million credit union.

ALEXANDRIA, Va. – NCUA has approved the mergers of several struggling credit unions, including four more in California.

With two new studies examining fees and what consumers are willing to pay for, credit unions are being urged to proceed by thinking of the member before the balance sheet .

The new Consumer Financial Protection Bureau overdraft study signals that it's time CUs make sure their OD pricing and policies are fair, clearly communicated and not deceptive.

NORTH CHARLESTON, S.C. – A work-out specialist brought in six months ago at troubled CPM FCU was named permanent president and CEO after helping engineer a turn-around at the $280 million paper mill-sponsored credit union.

SUPERIOR, Wis. – A logging company featured on the History Channel’s “Ax Men” series has three months to find a buyer before its forest and lumber mill goes to a sheriff’s sale, under a foreclosure order issued Monday to Superior Choice CU.

BALTIMORE – NCUA continues to express concerns over the declining viability of small credit unions, with NCUA Chairman Debbie Matz saying more than one-third of all credit unions with less than $50 million in assets are unprofitable.

A new economic analysis being released today says the data shows "no evidence that state and federal tax policies give credit unions unfair competitive advantages over banks."

The second half of 2013 will see increased disruption in the payments landscape, but also evolving opportunities for CUs to better serve members even as branch networks shrink.

Moving into 2013's second, half David Colby sees credit unions with a variety of options available to spur growth.

The improving economy, a debit advantage virtually all CUs have, and the opportunity to attract younger members are three key factors that, when combined, should lead to a solid second half for credit unions, according to CSCU.

Many CUs have been working hard during the first half of the year to set themselves up for a strong second half, according to Mansel Guerry.

With membership continuing to increase and the low-rate environment continuing into the foreseeable future, one person says CUs should focus on payments strategies in the second half of 2013.

Credit unions are enjoying a slow, but steady, improvement in the bottom line thanks to an improving economy, and the second half of the year holds similar promise-that is, unless the Consumer Financial Protection Bureau mucks things up, an expert suggested.