Corporate governance

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.

FARMINGTON HILLS, Mich. – Community Choice CU introduced a new member rewards program this morning that will pay out as much as $1 million to members who make the credit union their primary financial institution.

CLEVELAND – NCUA has approved the expansion of Ohio Catholic FCU's charter to now include all Catholic Dioceses in the state of Ohio.

At 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 their CUs have not already, and to base their plans on analysis of their members.

MOSCOW, Idaho – NCUA has approved a field of membership expansion for Latah FCU that will provide financial services on the Coeur d’Alene Indian Reservation.

ORLANDO, Fla. – With new data showing America’s credit unions added 800,000 members during Q1 of this year, Credit Union Journal’s Grow Show wrapped up, fittingly, with a discussion of effectively onboarding those members.

ORLANDO, Fla. – A credit union that turned $300,000 in losses into a $1 million net gain has drawn the attention of two interested parties: NCUA, and attendees at Credit Union Journal’s Grow Show here.

ORLANDO, Fla. – San Diego-based North Island CU has long had a strong connection with the U.S. Navy and a local Naval Air Station, so it is fitting that former CEO John Tippets would rely on a nautical metaphor for one element of that CU’s turnaround.

ORLANDO, Fla. – 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.

REXBURG, Idaho – NCUA has approved an application from Beehive FCU, which serves members and employees of The Church of Jesus Christ of Latter-day Saints in Idaho, to serve all Mormons in Washington, Oregon, Montana, Wyoming and Nevada, too.

Arizona FCU received a lot of attention recently when it introduced a $3 monthly membership fee recently, but one person believes more credit unions will follow.