Corporate governance

The National Federation of Community Development Credit Unions has extended the deadline to apply for paid fellowship to study development lending.

LAWRENCEVILLE, Ga. — Peach State FCU here has merged with Richmond Community FCU, an $18 million-asset credit union based in Augusta, Ga., effective Wednesday.

Arizona Central CU has signed a deal with the NBA's Phoenix Suns and the WNBA's Phoenix Mercury.

In a landmark decision, the U.S. Supreme Court ruled that same-sex couples have a constitutional right to marry nationwide. In the wake of this historic ruling that caps the biggest civil rights transformation in a half-century, Credit Union Journal looks back at a report about how CUs can grow their businesses by pitching wedding-related products to same-sex couples.

New data from the League of Southeastern Credit Unions found that CUs in Florida and Alabama added more than 100,000 new members during the first three months of 2015 as well as some other impressive gains.

Officials at NAFCU say they have been considering allowing federally insured, state-chartered, credit unions into the trade group for nearly a decade. NAFCU announced Tuesday that it had changed its bylaws to expand membership to nearly all CUs in the nation.

NAFCU is expanding its membership to include federally insured, state-chartered credit unions, putting it directly at odds with CUNA, which had previously been the only trade representing both federally and state-chartered institutions.

As NCUA re-examines its field of membership statutes, Credit Union Journal turns to the states to see how the federal charter stacks up against those of the states.The data used to compile this report is from the 2014 Profile of State Credit Union Regulatory Agencies published by National Association of State Credit Union Supervisors, unless otherwise noted.

As NCUA re-examines its own field of membership rules in search of opportunities to make it easier for credit unions to grow, it's not just looking inward. The regulator is also looking toward the 45 states that have CU-enabling statutes of their own.

CUs posted incremental growth in a number of fields in April, with lending, membership and other areas seeing continued increases, according to a new CUNA Mutual report.

While hosting its second annual community carnival at its Hilliard branch last week, Credit Union of Ohio used the occasion to unveil a new logo and refreshed website.

Prospera Credit Union said it soon will temporarily be managing daily operations for University of Wisconsin-Oshkosh Credit Union, based 20 miles away in Oshkosh, Wis., while the $25 million CU seeks a new president.

To reach more younger members, First Capital FCU sent an area high school student to prom — paying for her tickets, limo and more — in the culmination of an academic year that included the launch of its Youth Financial Advisory Board for high school students.

Golden 1 Credit Union inked a deal with the Sacramento Kings to secure naming rights over the National Basketball Association team’s new entertainment and sports center.

As new data continues to be released on how financial institutions can best position themselves to attract the millennial market, a recent study from Saylent found that members of Generation Y place a high importance on being able to manage their own money.

Credit unions aren’t the only financial services firms reaching out to millennials. A new social media campaign by Fifth Third offers recent college graduates free one-on-one career counseling. The initiative is part of a trend of banks allocating marketing dollars to unusual perks and charitable giving to differentiate their brands.

High school graduation is both a rite of spring and a rite of passage — but it's also a key time to be reaching out to these new adults, many of whom will be opening their first checking account. Learn how three credit unions are using everything from sweet treats to sarcasm to appeal to the next generation of credit union members.

CHICAGO — The Chicago Patrolmen's Federal Credit Union has added about 1,600 new members so far this year — but many of them are not from the Windy City, or even anywhere in Illinois.

The National Credit Union Foundation will host a conversation on Twitter to help credit unions implement financial-wellness programs for their own employees.

CO-OP Financial Services has named the winners of its THINK Prize 15, the first time that winners were named in five categories, instead of just one overall winner.