Corporate governance

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.

STOCKBRIDGE, Ga. – Georgia United CU awarded $1,000 gas cards to two members, who qualified for a drawing after referring somebody for a loan or new checking account.

NEW ORLEANS – Shell New Orleans FCU yesterday said it changed the name of the $110-million credit union to Xplore Federal Credit Union.

PHOENIX – Arizona FCU, recently rebounded from deep financial troubles, has become one of the first credit unions in the country to charge a monthly membership fee, a $3-per-month assessment for all members over 18 years old.

Spire FCU here has found success by partnering with a trio of local food co-ops.

Seeking to overcome the fact many consumers said they had "never heard of" Freedom First CU, the credit union is giving away cash as one strategy to boost awareness.

BALTIMORE – Municipal Employees CU of Baltimore announced this morning an agreement to acquire troubled $61 million Baltimore-based Advance Bank, the fourth credit union acquisition of a bank in the last 18 months.

PENSACOLA, Fla. -- Navy FCU announced this afternoon it is expanding its huge operations center here and will be hiring around 1,500 employees here later this year.

MADISON, Wis. – Heritage CU, a former Oscar Mayer employees’ credit union, has agreed to merge into it Price CU, a $30-million Prentice, Wis., credit union with three branches, in Prentice, Hawkins and Phillips.

SAN JOSE, Calif. – Tech CU said it is offering a Global Members program that helps immigrant high-tech workers open a checking account and establish credit, buy a new car, or eventually purchase their first home.

AUSTIN, Texas – United Heritage CU has signed 97 Degrees West, a branding, marketing and digital firm, as its advertising agency of record.