Corporate governance

BASKING RIDGE, N.J. – Affinity FCU has chosen INVEST Financial Corp. to provide its members with brokerage and investment services.

OMAHA, Neb. – Credit unions in Nebraska are getting ready to celebrate their first Save to Win savings sweepstakes with the choosing of the $25,000 grand prize winner.

Membership growth slowed in December from its record pace, but not until credit unions across the nation added a near all-time best of about 2.4 million members for 2012, according to preliminary estimates by CUNA.

TOLEDO, Ohio – Nueva Esperanza Community CU, a two-year-old community development credit union serving low-income Latino neighborhoods in Toledo, on Friday was approved by state regulators to serve all 450,000 resident of surrounding Lucas County.

UKIAH, Calif. – Mendo Lake CU, a $130-million credit union, would pick up a new branch at Fort Bragg with a proposal to acquire $33-million Fort Bragg Community FCU.

NEWBURGH, Ind. – Heritage FCU this morning said it is branding ATMs at 12 additional commercial locations, giving surcharge-free access to both members and non-members.

HAUPPAUGE, N.Y. – Teachers FCU has signed with Generations Gold to provide discounts on travel, hotel, dining, prescription drug and even pet insurance from local and national providers for as little as $4.95 per month.

SPOKANE, Wash. – STCU announced plans this morning to expand into the historic downtown Hutton Building, in hopes the city landmark, acquired by the credit union in a 2012 foreclosure, will help spur downtown development.

ORLANDO, Fla. – Two local credit unions, Central Florida Educators CU and Orlando FCU, have joined eight banks and community organizations to offer financial lifeline services to the area’s unbanked in a new Bank On Greater Orlando program.

LANSING, Mich. – Lansing Automakers FCU has been approved to convert to a state charter and expand its field of membership to eight surrounding counties, which contain approximately 800,000 people.

MADISON, Wis. – Credit unions are being urged to reach out to members for a new national savings lottery, SafeYourRefund Sweepstakes, which will reward one tax saver with a $25,000 grand prize.

LAWRENCEVILLE, Ga. – Gwinnett FCU yesterday announced that it is entering its 52nd year of service with a new name, Peach State FCU, to better reflect its membership base and footprint in Georgia.

ALEXANDRIA, Va.—NCUA said this afternoon it has not been approached by newly chartered Thrivent FCU to expand its common bond along with its sponsoring group, but any initiative to expand its current field of membership to include Christians, as well as Lutherans across the country, would have to be approved by the agency.

WESTBURY, N.Y.— Fast-growing Nassau Educators FCU announced this afternoon the hiring of Madison Ave.’s DeVito/Verti as its new advertising agency, signaling a strong intention to set itself apart among fellow credit unions and traditional banks on Long Island.

ALEXANDRIA, Va. – The American Bankers Association called on NCUA this morning to stop what it sees as a massive back-door field of membership expansion by the newly chartered Thrivent FCU, which could expand from its current membership serving the nation’s Lutherans to all Christians in the U.S.

Credit unions of all assets and locations share one thing in common: it's imperative that they grow. That's why Growth will be the only item on the agenda at Credit Union Journal's Grow Show 2013, which is now set for May 30-31 in Orlando.

In a year in which analysts emphasize the importance of turning bank converts into profitable members, one CU has introduced a checking account aimed at deepening relationships via rewards.

AUGUSTA, Maine – Maine’s credit unions rolled out a new, two-year awareness campaign this month called “Now is the Time,” which encourages consumers to take advantage of the many benefits that credit unions offer.

ROCHESTER, N.Y. – Ukrainian FCU has acquired Ukrainian Home Dnipro FCU, a single-branch, $9-million Buffalo credit union.

CHANTILLY, Va. – Justice (Department) FCU has spread its wings from this Washington suburb and opened two Georgia branches, after acquiring Georgia Department of Public Safety CU.