Corporate governance

Global financial inclusion efforts have made big strides, but documentation requirements continue to hinder access to financial services, and women and the poor remain disproportionately underserved, according to the World Bank's annual study.

Credit union executives talk about where credit unions should be focusing their efforts to innovate.

Experts urge credit unions to keep an eye on four trends that could be disruptors or big opportunities at CO-OP's THINK15 conference that is aimed at promoting innovation in the credit union industry.

DUNEDIN, Fla. — Mark down Achieva CU as the latest credit union to buy a bank. The $1.1 billion credit union announced it has signed an agreement to acquire Calusa Bank, a Florida state-chartered bank with $165 million in assets.

WASHINGTON — Two credit unions – Security Service Federal Credit Union in San Antonio and Bethpage Federal Credit Union, Bethpage, N.Y. – made the cut for WalletHub's list of "2015's Best Bank Accounts for Small Businesses."

RIVERSIDE, Calif. — Altura Credit Union on Friday reported $2.34 million in net income for the first quarter — stretching its streak of consecutive quarters of positive earnings to 16.

It's not just about the new name and brand. Vibrant CU, previously named DHCU, has embarked on a full-scale culture change, as well, seeking to create an enhanced member experience that will lead to deeper relationships that are more profitable for the member and CU alike.

MADISON, Wis. — Filene Research Institute says it is seeking the "best and brightest minds" to participate in the latest incarnation of its i3innovation program.

Silver State Schools Credit Union Friday said its financial results for the quarter ending March 31 show "continued progress" as it reported net income of $2.88 million.

DULUTH, Ga. — Tiny $21 million Etowah Valley Federal Credit Union, headquartered in Cartersville, Ga., Tuesday said it intends to do a "strategic merger" into $1 billion Georgia United Credit Union, here.

ST. PAUL, Minn. — City & County Credit Union has launched a new website designed to "enhance" its members' online experience. The $419 million CU said the new website was built "with responsive design" and features "intuitive navigation and a visually appealing design."

Saginaw, Mich. — Catholic Federal Credit Union said it recently received NCUA approval to add St. Mary's Medical Center of Michigan as a Select Employee Group.

MOON TOWNSHIP, Pa. — Clearview Federal Credit Union is wrapping up its "Thanks A Million" initiative, part of its "10th Anniversary Members Matter Celebration" that has been investing a total of $1 million in Clearview members and community over the last three months.

WASHINGTON, Pa. — With new leadership, a new culture and a new approach, Washington Community Federal Credit Union is shining up its image with a new name: Chrome Federal Credit Union.

BURNSVILLE, Minn. — US Federal Credit Union Wednesday announced it has surpassed $1 billion in assets.

SEATAC, Wash., and TIGARD, Ore. — The Northwest Credit Union Association on Tuesday said it has unveiled a "new online dating website" for its CUs.

MERIDEN, Conn.—Small credit unions in Connecticut are set to receive marketing assistance for the rest of 2015 thanks to a partnership between the Connecticut CU League and a marketing firm specializing in credit union promotions.

State Employees' CU has developed a pool of future executives and CEOs through a process its current chief executive calls "horizontal diversification."

The days where an employee could progress from the teller line to the corner office are largely gone, and as more and more baby boomers leave the job market, many top-level positions at credit unions are being filled by what might have once seemed unthinkable: former bankers.

When it comes to succession planning, some credit unions have a problem. Almost one-third of CUs have no idea who their next CEO will be and only about 60% have any succession plans in place.