Corporate governance

MADISON, Wis. — There are plenty of credit unions out there that want to test out new and innovative products, but many of them are already stretched so thin that they're unable to do that.

Chemical CU in Clinton, Iowa, has agreed to merge with DuTrac Community CU in Dubuque, Iowa.

Piedmont Advantage CU is set to absorb tiny Hanover FCU, a $6.7 million CU with just one branch.

HONOLULU — How appropriate that "aloha" means both "hello" and "goodbye," as $23 million Aloha Federal Credit Union is saying both its farewells and greetings.

ONTARIO, Calif. — The California and Nevada Credit Union Leagues said their member credit unions can modernize their training thanks to a new online educational program known as All Star Training.

Northwest Community CU in Springfield, Ore., has completed its previously announced acquisition of Fred Meyer Employees FCU in Portland, Ore.

MUNCIE, Ind. — Industrial Centre FCU here has rebranded itself as Thrive Credit Union.

LOS ANGELES — Credit unions may have found a powerful new ally in their long-running battle to increase their recognition by the general public.

Because the next generation of credit union employees and members isn't going to cultivate itself, some CUs have created internship programs to recruit new blood.

SYLVANIA, Ohio — Now that the scavenger hunt run by Great Lakes Credit Union is over, looking back, the CEO says it's the best promotion his shop has ever run.

San Antonio Water System FCU announced its intent to merge into Generations Community FCU, with the deal expected to be completed at the end of September.

SJB Federal Credit Union has merged into Southern Mass Credit Union here creating an institution with approximately $207 million in assets and serving 13,500 members.

Two Kansas credit unions have announced that they are discussing a merger.

BROOMFIELD, Colo. — Members of Boulder Municipal Employees Federal Credit Union voted to approve a proposed merger with Community Financial Credit Union, here, to create a CU with more than 18,000 members and $200 million in assets.

Members of Minneapolis-based Endura Financial Federal Credit Union voted to approve a proposed merger into Connexus Credit Union effective Oct. 1, creating a CU with assets exceeding $990 million.

Two credit unions that share the same building-and a family connection-plan to merge.

TAMPA, Fla. — The Florida Office of Financial Regulation has approved Florida Central Credit Union's bid to purchase a branch of First Federal Bank of Florida, the CU said.

OKLAHOMA CITY — The $562 million FAA Credit Union became the first CU in Oklahoma to receive the Cornerstone Credit Union League's "Juntos Avanzamos" or "Together We Advance" designation for its "dedicated service" to the Hispanic community.

LOMPOC, Calif. — Following a conversion from federal to state charter last month, the $750 million CoastHills Credit Union is expanding its services and field of membership to five contiguous Central Coast California counties to include Monterey, San Luis Obispo, Santa Barbara, Santa Cruz and Ventura.

BREA, Calif. — Members of the $130 million South Western Federal Credit Union voted "overwhelmingly" in favor of merging into the $781 million Credit Union of Southern California, all but finalizing the union of the two CUs.