Corporate governance

PORTLAND, Ore. – Northwest Resource FCU is seeking to break form the pack of nine Oregon and Washington credit unions with “Northwest” in their name with a new name and brand at Trailhead CU.

Because the United States is not the leader in new payments products, when Brian Scott talks about the industry's future he spends a lot of time highlighting what is taking place in other countries.

ALEXANDRIA, Va. – NCUA on Friday reported it has approved an application from Ohio Catholic FCU in Akron, Ohio, to serve 1.3 million parishioners, students and employees in Catholic churches in Columbus, Steubenville, Youngstown, Toledo and Cincinnati, one of the biggest faith-based expansions ever granted.

MONROE, Mich. – Residents paying water bills, parking tickets, recreation program fees and other in-person payments to the city now must visit the Monroe County Community CU branch in city hall to do so, instead of the nearby clerk-treasurer’s office, as a result of an outsourcing contract with the credit union.

CLARKSBURG, Md. – Comstar FCU, a conglomeration of government credit unions, said today it is changing its name to Nymeo—an anagram of the word “money,” and will promote itself as a new way to look at money.

ISHPEMING, Mich. – Ishpeming Community FCU said it changed its name to TruNorth FCU to better reflect its five-county field of membership.

TAMPA, Fla. – GTE Financial has begun a campaign to attract new members called “Join 200,000 of your closest friends,” a nod to the credit union’s recent milestone of achieving 200,000 members.

OGDEN, Utah – Wasatch Peaks FCU, a $190-million credit union created through the 2011 combination of two healthy credit unions, is expanding again with the merger of $64-million SummitOne FCU, also in Ogden.

ORLANDO, Fla. – Credit Union Journal’s Grow Show just keeps getting better, with the addition of a session that will address one of the hottest issues of discussion and a potential new revenue stream: health insurance exchanges.

ERIE, Penn. – General Electric Co., whose name once blazoned across more than two dozen credit unions, has directed Erie General Electric FCU and two other credit unions in Ohio and Connecticut, to stop using the GE moniker.

NORTH CHARLESTON, S.C. – NCUA has granted $50,000 to three South Carolina credit unions, Health Facilities FCU, Greenwood Municipal FCU and Spartan FCU, to fund a collaborative effort to develop a talent management system.

CHARLOTTESVILLE, Va. – University of Virginia Community CU has joined four local banks in new program to provide affordable banking products, called “BankOn Greater Charlottesville.”

MADISON, Wis. – A team of young credit union professionals working with the Filene Research Institute has created a deposit account that would allow up to five friends to add equally to a joint savings account through automatic payroll distributions.

Facebook as a lending platform? Shastic has developed just such a solution for Facebook says yes. And it is working with a number of credit unions to do just that.

A bonus session has been added to Credit Union Journal's Grow Show on health insurance exchanges as a potential revenue source for credit unions.

One statement production company says it has developed a new platform that will allow credit unions to more efficiently manage and target their marketing efforts, while saving money on postage and paper.

RICHMOND, Va. – The Virginia CU League and the state’s credit unions have launched a statewide awareness campaign that focuses on social media outlets to educate consumers 18 to 35 about the benefits of banking at credit unions.

FAIRBORN, Ohio – Wright-Patt CU is returning to Columbus a dozen years after leaving the market, with plans to open as many as three new branches in the state capital, one in the next three months.

MARIETTA, Ga. – LGE Community CU has launched a series of what it says are unique TV commercials that feature a talented parrot who sings a “stunning tenor” from the Italian opera Rigoletto.

TAMPA, Fla. – Grow Financial FCU is giving away free Florida Slash Pine saplings to anyone who visits any of the area’s 20 branches as part of this year’s celebration of Earth Day.