Corporate governance

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.

BREA, Calif. — South Western FCU and Credit Union of Southern California have announced their intent to merge, pending approval from state and federal regulators and SWFCU members.

WATERLOO, Iowa — Ashworth Credit Union and Veridian Credit Union plan to merge.

DOTHAN, Ala. — The proposed sale of Flint River National Bank to the $260 million Five Star CU here is a step away from completion after the Alabama CU Administration last week approved the deal.

SOMERVILLE, Mass. — CPCU Credit Union here plans to rebrand itself as Naveo CU, effective sometime this fall.

CHICAGO — A customizable website to help credit unions promote financial education made the final three at this year's CO-OP THINK Prize.

AUSTIN, Texas — Consumers, in growing numbers, are turning to mobile exclusively for their remote banking needs, and CUs are doing a better job than banks at signing up mobile users.

BALTIMORE — More than a quarter of a million videos turn up on YouTube when users search for the words "credit union."

HOBBS, N.M. — After 18 months of heading two New Mexico credit unions 18 miles apart, CEO Mark Roddenberry is delighted $45 million Lea Community Federal Credit Union and $13 million Estacado Credit Union have officially merged.

In yet another proposed merger of a small credit union into a larger one, $69 million EDTECH FCU's board of directors has voted unanimously to merge with $584 million Horizon Credit Union.

MEMPHIS — The last few years have been rough for Agility Financial Credit Union.