Corporate governance

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.

Investment and insurance brokerages have two significant advantages over other income streams for credit unions, according to Hendrix Niemann, managing director of practice and wealth management services for CUNA Mutual Group's CUNA Brokerage Services.

Credit unions are already armed with the data they need to improve their bottom lines, but Theresa Benavidez, president of Corelation, says too few recognize what they have.

Credit unions can boost their bottom lines by transforming their websites from "brochure-ware" into "e-commerce ecosystems," says Jeff Chesky, chairman and CEO of Insuritas, a provider of outsourced insurance agencies.

Given the dearth of non-interest income sources, and with investment income at all-time lows, Jim Merrill noted credit unions' primary bottom line booster remains lending.

Mortgage origination provides credit unions with important fee income, brings interest-earning potential, and ultimately builds membership loyalty, reminded Linda Clampitt.

Credit unions need to converge delivery channels and better leverage data they already have on their members to improve their bottom lines, says David Cerwinski, VP sales & client services for Wescom Resources Group.

Credit union CEOs are feeling better about the bottom lines of their members, but are not as optimistic when it comes to their own credit unions.

A new report issued by the Filene Research Institute said serving the immigrant population is a long-term investment that begins with basic financial products.

LIVONIA, Mich. – CU Solutions Group has released an update on its member engagement program, SaveUp.

ORLANDO, Fla. – CFE Federal Credit Union has acquired the naming rights to the UCF Arena used by the University of Central Florida.