Corporate governance

Credit union leaders react as state leagues begin to line up on either side of the current requirement that credit unions must belong to both CUNA and their respective state leagues—a rule that many CU executives have long bemoaned.

COLORADO SPRINGS, Colo. — In a special member vote, Ent Federal Credit Union members approved a proposal to convert from a federal charter to a state charter.

The heads of CUNA and the California and Nevada Credit Union Leagues argued now is not the time for CUs to break up the CUNA/state league system that works well together.

Two more state leagues have come out on whether credit unions should be required to belong to both CUNA and their respective state leagues.

Jersey Shore Federal Credit Union and Atlantic City Firemen's Federal Credit Union, both located in Northfield, agreed last month to merge. They expect the merger to be completed on Jan. 31, including all systems conversions.

EL SEGUNDO, Calif. — Xceed Financial Credit Union is preparing to launch a new CUSO offering an array of interrelated products and services primarily aimed at bolstering loan growth.

Commonwealth Credit Union on Friday said it signed an agreement to become the “preferred credit union” for the University of Louisville and will serve the school’s faculty, staff, students and alumni.

Filene Research Institute is soliciting existing, in-market products and programs in consideration for a new project.

A new study sponsored by CUNA Councils suggests that credit unions would be better served if human resources departments worked directly with C-suite executives.

GLENDALE, Calif. -- California Credit Union has formed a title insurance company to handle both residential and commercial title needs.

Lafayette Federal Credit Union, a $391-million institution based in Kensington, Md., said it plans to merge CSC Employees Federal Credit Union, a $77-million institution based in Falls Church, Va. into Lafayette FCU.

Rep. Paul Ryan’s expected election as House Speaker this week may ultimately prove a boon for the financial services industry – especially for critics of the Dodd-Frank Act and the current mortgage finance system.

Guardian Credit Union in West Milwaukee, Wis., has formed a partnership with five colleges to offer a tuition discount program.

Credit unions based in some of the slowest- and fastest-growing markets share the strategies they’re using to make the most of the environments in which they’re operating.

The Division of Financial Services for the State of Colorado has approved an application by Sooper Credit Union to add Jefferson County, Colo., to its field of membership (FOM).

Though the financial crisis forced consumers to focus on socking money away for a rainy day, a recent study suggests that thrift effect is already fading, but credit unions are in a position to help turn that around and build member relationships in the process.

CUNA Mutual Group reports economic outlook is good news for credit unions.

Members of W-G FCU in Worcester, Mass., have voted to approve a merger with RTN Federal Credit Union in Waltham, Mass.

The League of Southeastern Credit Unions & Affiliates (LSCU) and the New York Credit Union Association (NYCUA) on Tuesday said they have signed a letter of intent to combine many of their operations into a jointly owned subsidiary that will house all of their back office functions.

Industry stakeholders criticize the largest credit union trade group’s resistance to change.