Corporate governance

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.

HARRISBURG, Penn. – The Pennsylvania CU Association is teaming with the Pennsylvania Cable Network on a four-part series on financial education.

MADISON, Wis. – The National CU Foundation is offering $125,000 in Biz Kid$ Financial Education Grants to fund innovative programs that extend the reach of public TV’s Biz Kid$ program.

MARLBOROUGH, Mass. – St. Mary’s CU said this afternoon it hired James Garvey, the president of Borel Private Bank and Charter Private Bank, as president and CEO of the $600-million credit union.

ST. PAUL, Minn. – In an unusual transaction, Affinity Plus FCU said this morning it has agreed to acquire the local branch and 4,300 member accounts of Illinois-based Oak Trust CU.

BETHPAGE, N.Y. – Bethpage FCU is organizing 150 IRS-certified volunteers, including bilingual tax preparers, to help low-income New Yorkers prepare and file their 2012 income taxes at 12 of its Long Island branches.

NEW BERLIN, Wis. – Fast-growing Landmark CU, just off its fifth merger in the past two years, has agreed to acquire Badger Campus CU, a $13-million credit union that formerly served employees of the University of Wisconsin and several of its offshoots.

There's too much at stake this year not to aggressively promote debit cards to members, asserts CSCU.

evolve FCU here is creating a group of young adult "brand ambassadors" to help increase awareness of the credit union in the community.

Lost among all the talk of growth strategies credit unions are or should be implementing is the fact CUs in some areas of the country are simply striving to eke out a small net income.

2013 will most likely be a "mixed year" for $7.9-billion The Golden 1 Credit Union, but it will be an improvement from 2012.