Corporate governance

The member credit unions of both the Kansas Credit Union Association and Missouri CU Association on Tuesday voted to unite to form a new entity to be known as Heartland Credit Union Association and Shared Financial Solutions.

As its merger with Houghton Mifflin Harcourt Employees FCU closed on Oct. 1, Hanscom FCU gained more than 1,000 new members.

SEATTLE — Tiny Northwest Baptist Federal Credit Union on Friday merged into $633 million Seattle Metropolitan Credit Union. The combined credit union will hold $635 million in assets and serve 45,000 members with a total of 7 branches throughout the Greater Seattle area.

Bonus dividends offer positive PR opportunities, but only a relatively small number of credit unions issue them, according to a study by credit union consultancy Callahan & Associates.

NEW YORK — The National Federation of Community Development Credit Unions announced the expansion of Juntos Avanzamos (Spanish for "Together We Advance"), a designation for credit unions committed to serving and empowering Hispanic consumers.

Hudson River Teachers Federal Credit Union, a $51-million institution based in Mohegan Lake, N.Y., has changed its name to Hudson River Financial Federal Credit Union, effective immediately.

United Educational Credit Union, a $123-million institution based in Battle Creek, Mich., announced it will re-brand itself as "BlueOx Credit Union," effective January 1, 2016.

One CEO sums up industry frustration this way: 'Why ask the hard questions if you ignore the tough answers?'

The Virginia credit union's website offers concrete reasons for becoming a CU member instead of a bank customer.

The practice court at Bankers Life Fieldhouse in Indianapolis, home to the Indiana Pacers and Indiana Fever basketball teams here, is getting a new name.

With a rich history of providing credit to those who otherwise might not have had access to financial services, credit unions are in a unique position to reach out to this demographic.

Keys Federal Credit Union, a $121-million institution based in Key West, Fla., announced the formation of a new volunteer board of directors and supervisory committee, just one week NCUA took Keys FCU out of conservatorship.

The $5.6 billion-asset credit union said it will offer a special 15-month certificate of deposit to members for a limited time, to commemorate passing the 500,000-member milestone.

CUES has selected the five finalists in its 2015 Next Top Credit Union Exec Challenge.

The National Federation of Community Development Credit Unions, announced Bank of America has made a $10 million investment in the Federation's Community Development Investment Program.

Jim Nussle is celebrating his first anniversary as the head of CUNA by announcing a host of new initiatives including a dues reduction and non-voting membership classes for industry stakeholders such as vendors who serve credit unions. The announcement comes days after the trade group's board largely rejected changes recommended by its restructuring task force.

Area credit unions say they are optimistic the new wage won’t hurt them too badly.

In the latest example of consolidation among corporate credit unions, the boards of directors for both Mid-Atlantic Corporate Federal Credit Union, Middletown, Pa., and First Carolina Corporate Credit Union, Greensboro, N.C., said they have agreed in principle to combine their organizations in a “merger of equals” that would continue the trend of corporate consolidation.

America’s Credit Union Museum announced it has surpassed $2 million in pledges as it continues to reach its $3.3 million capital campaign target.

St. Cloud Federal Credit Union and St. Cloud City and County Employees Credit Union in Minnesota have agreed to merge.