Corporate governance

The pinch of the recession was barely felt at $5.7-billion San Diego County Credit Union, which has followed a small loss in 2008 with four straight years of solid income-with more expected in 2013.

For $669-million One Nevada Credit Union, the omnipresent watchful eye of "Big Brother" is a good thing.

An open core system that allows credit unions to easily add and share new functionality is not only key to individual CU growth this year, but to the entire credit union community as well, asserts Open Solutions.

For $2.1-billion Redwood Credit Union the recession did not bring the kinds of losses than plagued many CUs, but it did knock a hole in its normally robust lending portfolio.

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.

One person believes that home equity lending could be a major boon for credit union growth in the new year.

The sentiments behind Bank Transfer Day is still out there, and $746-million Xceed Financial CU intends to tap it.

Mission Federal Credit Union has launched "Mission Fed Money Match," a program that matches the dollar amount of winning members' loan payments, debit or credit card purchases, or direct deposits, up to a certain amount per transaction type.

DULUTH, Ga. – Georgia state regulators approved a bid by Georgia United CU, formerly known as DeKalb County Teachers FCU, to serve all 700,000 residents of DeKalb County.

BOSTON – The Federal Home Loan Bank of Boston announced this morning it has awarded a $400,000 grant to Coventry CU to help developers build a 40-unit affordable housing project in Coventry, R.I., one of 48 grants awarded by the FHLB.

NEW BERLIN, Wis. – NCUA on Friday said it approved the combination of Dodge Central CU into Landmark CU, giving the $2-billion credit union four additional branches.

A number of credit union CEOs said that looking into 2013 they are looking for controlled growth, even greater efficiencies, and to mobile banking to drive more business.

Credit unions should increase their electronic deposit capabilities in 2013, according to Curtis Hallowell, VP of product management for Cummins Allison.

The credit unions that grow this year will be those that have built "responsive cultures," according to Sam Kilmer, VP of market development for Harland Financial Solutions.

It's going to take better onboarding in 2013 for CUs to grow walletshare. That's the word from Sean McDonald, director of business development at Mid-State FCU and chair of the CUNA Marketing Council.

Efforts to streamline checking and develop both credit and debit portfolios are essential for CU growth in 2013, according to PSCU.

Dr. Brandi Stankovic, partner at Las Vegas-based credit union consultancy Mitchell, Stankovic & Associates, suggests credit unions allow members to voice how they would like to see the relationship with their credit union.

HOUSTON – El Paso Corporation FCU said last year’s takeover of its corporate sponsor by pipeline giant Kinder Morgan forced the $125 million credit union to seek a merger mate and has asked regulators for permission to combine with $335 million First Service CU.

GADSDEN, Ala. – Family Savings FCU has switched to a state charter, easing the way for the $200-million credit union to serve more potential members in Alabama and Georgia.

CHARLOTTE, N.C. – Charlotte Metro CU is introducing a new marketing campaign that kicks off with a 30-second commercial for the Super Bowl on local TV Feb. 3.