Corporate governance

RIVERSIDE, Calif. – Altura Credit Union reported net income of $3.2 million on assets of $1.2 billion for the quarter ended March 31.

WILMINGTON, Calif. — ILWU Credit Union and ILWU-FSC Federal Credit Union on Monday announced that they have completed a merger.

Power Financial Credit Union, a $575 million institution based in Pembroke Pines, Fla., announced Monday that it will merge with the $43 million Ryder System FCU.

About 40% the credit union’s six million members are millennials and represent the largest segment of the $75 billion institution’s membership base.

Second largest credit union in the nation now focusing on state league membership requirements; still not affiliated with Carolinas CU League.

RALEIGH, N.C. --Coastal Federal Credit Union in, has bought the naming rights to a major concert venue in its headquarters city here.

State Employees' Credit Union, the $31.8-billion behemoth based in Raleigh, N.C., announced it is re-affiliating with the Credit Union National Association, citing the organization's "new vision" and "new direction."

Royal Credit Union on Wednesday said it has entered into a definitive agreement to acquire Capital Bank, Saint Paul.

Low-income CUs that need support to grow, train staff and improve security can apply for assistance grants through the agency's Community Development Loan Fund.

The $189 million-asset credit union has asked approval from state and federal regulators to convert to a state-chartered mutual savings bank.

KNOXVILLE, Tenn. — The inaugural TNMIC Conference took place here last week, drawing more than 80 credit union young professionals from across Tennessee, organizers said.

COLORADO SPRINGS, Colo. — Aventa Credit Union recently launched its all-new website, which it said features a "fresh, modern look," improved functionality and enhanced content.

SAN DIEGO – San Diego County Credit Union on Monday said it had “positive” financial results for the first quarter of 2016, highlighted by growth in total assets, members and lending.

Elevations Credit Union, Boulder, Colo., on Thursday said it has agreed to be an employee banking services partner for the City of Boulder, with the city offering access to Elevations' financial services as an employee benefit.

The Pleasanton, Calif.-based credit union said in a news release Thursday that it has reached $5 billion in assets and 300,000 members in 2016.

The deadline to participate in the 3rd Annual Best Credit Unions to Work For rankings is coming up soon. Don't miss out on the chance to see how your credit union stacks up against your industry peers.

The U.S. Postal Service is neglecting its profitable money-order business, which has lost 25% of its sales volume over the last five years. Big changes are needed to revive the product, according to a new report.

Florida Credit Unions Shared Services announced a $602,776 patronage rebate and dividend to its participating CUs and stockholders in 2015.

With college graduation right around the corner, some credit unions are gearing up to appeal to the latest crop of job seekers who bring both a youthful perspective and a newly minted degree to the table.

Credit union service organization PSCU has received the CUSO of the Year Award from the National Association of Credit Union Service Organizations (NACUSO).