Corporate governance

Since NCUA expanded the number of CUs eligible for the low-income credit union designation, which means a higher cap on MBL, WorldPay has seen its business and support for the industry rise.

PHILADELPHIA -- American Heritage FCU set a goal of saving its members $13 million on their loans for all of 2013 by refinancing consumer and mortgage loans and hit the goal June 1.

In 2013's second half look for more credit unions to seriously consider "out-of-the-box" revenue sources to drive the bottom line.

MADISON, Wis. – Four local families will be pitted against each other to see who can save the most money and cut the most debt over the next six months in competition for a $10,000 prize in Summit CU’s Project Money.

ROCKY HILL, Conn. – Nutmeg State FCU is borrowing a page from the Saturday Night Live playbook to launch its new “Banking Awesome” campaign.

NORFOLK, Va. --Navy FCU will be handing out $20 to the first 100 shoppers who participate in a cash mob event in the Ghent neighborhood of Norfolk this Saturday to celebrate local small businesses and the kick-off of National Small Business Week (June 17-21).

ST. PAUL, Minn. – Affinity Plus FCU will gain approximately 4,600 members and $25 million in assets from Illinois-based Oak Trust CU at the close of business June 30, after regulators approved an unusual branch acquisition deal.

MADISON, Wis. – Summit CU’s bid to expand its Milwaukee branches with a deal for Veterans’ Administration CU was approved by members of the $15-million credit union, NCUA and state regulators.

It's a common concern of many credit unions: members who come aboard due to an indirect loan never become fully participating members. But that's a problem that is often self-inflicted by those same CUs, and can be resolved, according to one person.

Fox Communities Credit Union has had a lot of success with the numbers 399.

Two CEOs who have taken different paths to arrive at similarly successful places when it comes to returning value to members emphasized the same points to attendees at Credit Union Journal's Grow Show here: success requires a sound strategy and singular focus.

It's no revelation that margins keep narrowing, that lending remains challenging or that members are getting older.

Credit unions should prepare for the day when some employees ask them NOT to offer health insurance coverage.

It seems simple. If a credit union wants members to qualify for loans, they need to be able to pay the funds back. But members can't qualify if they're unemployed.

Maps CU launched a "Buy Local" initiative and has experienced an uptick in membership and interchange revenue as a result.

Credit Union Journal's Grow Show last week, industry experts on payments and mobile laid it on the line to CU execs, telling attendees to get moving in the mobile space if they haven't already, and to base their plans on analysis of their memberships.

Attendees at this year's Grow Show learned how one CU went from consecutive losing years in which it posted $300,000 in total losses to dramatically turn things around and show a $1-million net gain two years ago.

One person at Credit Union Journal's Grow Show here reminded attendees of two things: brand conversations aren't always about specific products and brands can be built on a small budget.

John Tippets knows something about growth. So it was no big surprise that the man who led the turnaround as CEO of North Island CU had the crowd's attention at Credit Union Journal's Grow Show.

SAN JOSE, Calif. – Meriwest CU announced this morning longtime CEO Christopher Owens is retiring and will be succeeded by Julie Kirsch, executive vice president and chief operating officer at the $1.8 billion credit union, the latest IBM employees’ credit union to see new leadership.