Corporate governance

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.

The 45 credit unions that earned a spot on our second annual ranking of the Best Credit Unions to Work For know how to have fun — and make a difference — at work.

While the group is adopting some changes in order to improve its advocacy efforts, the biggest and most controversial suggestion — that credit unions no longer be required to belong to both CUNA and their respective state leagues — was nixed.

MONTGOMERY, Ala. — The Alabama State Employees (ASE) Credit Union has named Jared Freeman as its new chief executive officer, succeeding Ned McHenry, who will retire on Sept. 30, after 26 years of service at the CU.

A CU-fueled collaboration has produced new insights into the keys to successful partnerships.

Filene Research Institute announced that 16 credit union executives have been accepted to its Filene i3 program, which was formed to “foster the development of new ideas and innovations” for CUs.

Credit unions flocked to the nation’s capital for the trade association’s annual pilgrimage to Washington, where executives have the chance to hear from politicians at the conference and then head to lawmakers’ offices to lobby on credit union issues.

Align Credit Union and First Choice Credit Union have merged, in a combination of two institutions in northeastern Massachusetts.

Centurion FCU is set to merge with Crane FCU here, doing business as Centurion, A Branch of Crane Credit Union.

Consumers CU here is set to absorb Palatine, Ill.-based Premier CU, creating an institution with nearly $870 million in assets spanning from northern Cook County, Ill. to the Wisconsin border in Lake County.