Corporate governance

TRAVERSE CITY, Mich. — Members Credit Union here and Bay Winds FCU plan to merge.

NASHVILLE — The merger between Kentucky Corporate FCU and Volunteer Corporate CU moved a step closer to completion with NCUA approving the deal earlier this month in a closed meeting.

Four credit unions – two in Connecticut and two in Nebraska – announced Monday they are merging

GRAND RAPIDS, Mich.—The next decade could be the most transformational period the financial services industry has ever seen—and firms that want to survive it should take a few lessons from the video rental and typewriter industries.

BROOMFIELD, Colo. — The $151 million Community Financial CU here and the $66 million Boulder Municipal Employees FCU plan to merge this fall.

OLYMPIA, Wash. and EUGENE, Ore. — A pair of small Pacific Northwest credit unions bid farewell Tuesday, with the two different merger announcements going out just four minutes apart.

COLUMBIA, S.C. — VARO No. 319 FCU is set to merge with Carolina Collegiate FCU, following a vote by VARO's members, the two credit unions announced Tuesday.

BIRMINGHAM, Ala. — Credit unions won't get much help from a slowly recovering economy during the second half of the year, say analysts who foresee minimal GDP growth and CUs still having to slug it out to find ways to drive ROA.

LAS VEGAS — To thrive in the second half of 2014, credit unions need to do some much-needed — if slightly belated — spring cleaning.

TAMPA, Fla. — Florida Central Credit Union plans to purchase a branch of First Federal Bank of Florida.

DOTHAN, Ala. — The National Credit Union Administration Wednesday approved the sale of Flint River National Bank to $260 million Five Star CU here, and the deal is scheduled to close in early June.

Waterford, Mich. — Oakland County Credit Union and BestSource Credit Union said they will merge effective Sept. 1 to create a credit union with almost $300 million in assets, 31,000 members and six branches.

MADISON, Wis. — Millennials are struggling with debt, monthly payments and understanding financial offerings, according to a new study from the Filene Research Institute.

ALEXANDRIA, Va. — NCUA wants to help credit unions navigate the M&A waters.

NEW ORLEANS — CO-OP Financial Services plans to back a multi-faceted marketing program aimed at promoting credit unions to Americans born after 1980, otherwise known as "Generation Y" or "Millennials."

NEW ORLEANS — Millennials are open to switching financial institutions, which is great news for credit unions — but only if they are prepared to act quickly.

HOUSTON — Two small credit unions in this fast-growing city have been absorbed into larger entities as the result of mergers.

Business diversity, fee income and greater operational efficiency are the three main bottom-line drivers at corporate credit unions these days.

There are two basic ways to boost the bottom line: increase profit, decrease expenses.

MIAMI — Many credit unions looking for more ways to boost the bottom line in this low-interest-rate environment are running out of options.