Corporate governance

LOWELL, Mass. – NMTW Community CU is lining up with a new name for this fall: Align CU.

With manufacturer incentives making indirect auto an extremely tough market to compete in now, MidSouth Community FCU quickly turned to direct auto loans this year and has more than doubled results over last year.

The clock is ticking on historically low mortgage rates, meaning credit unions must start to make some adjustments.

CEOs are pulling several levers this year to bolster the bottom line, but none more important than the one tied to member convenience.

CUs have been trimming expenses up and down the budget. But it's not so much to save money anymore as it is to reallocate dollars to more productive areas of the business.

Looking to cut costs? Investments in staff training may do the trick.

With just 45% of the average credit union's members using its checking account as a primary checking service, Dennis Dollar says it's great to see CUs aggressively going after this product in 2013.

An aggressive auto-loan recapture program and lower-balance mortgage refis are keys to making the bottom line at Shreveport FCU look even better this year.

An improving economy has provided credit unions with three opportunities to improve their bottom lines, according to Scott Hansen.

As part of Credit Union Journal's ongoing commitment to helping credit unions grow, in this issue a special Bottom Line report offers perspectives from more than a dozen people on boosting revenue and the bottom line in the second half of 2013.

Want to boost the bottom line? Get to know your members better-and make sure they know you just as well.

Aspire FCU is spending more on technology and self-service delivery channels-while closing underperforming branches-to drive the bottom line.

Stefana Houldsworth, director of product management for automotive solutions for marketing resource management provider Spireon, told Credit Union Journal credit unions have every reason to stay focused on auto lending.

An emerging trend in which CUs that had previously sold their card programs only to bring them back in house is showing no sign of abating, according to Symitar.

CUs are loosening credit standards to widen the pool and bring in more loans, reports The Members Group.

WICHITA, Kan. – Eleven credit unions across this state participated in a joint effort at seven different locations as part of the Kansas Credit Union Association’s “Make a Difference Day” campaign.

ORLANDO, Fla. – Credit Union Journal’s Grow Show is now just two weeks away.

ERIE, Penn. – The newly renamed Widget Financial Credit Union, previously known as Erie General Electric CU until the original sponsor company requested it change its name, is offering a $77 bonus to anyone who opens a free checking account.

The best two-and-a-half days in credit unions when it comes to growth strategies is now just two weeks away.

With $26 million in assets and fewer than 5,000 members, Catholic Family FCU is right in the sweet spot for the "Great Divide" between CUs that are profitable and those that are struggling-and CEO Michael Taylor is well aware of it.