Corporate governance

The concept of saving money and driving revenue has become part of the fabric of ArrowPointe FCU since the recession.

Steven Sobotta, Director of Marketing at Actors FCU, said belt tightening and alternative income strategies were discussed right before the economy tanked, proving right the old adage that prevention is better than a cure.

In looking back over the last couple of years there have been a lot of things Xceed has learned as we have navigated through these turbulent economic times.

There are seven lessons we learned or re-learned as we have survived the worst state economy in the nation during the past five years, says Wayne Tew, president and CEO of Clark County CU.

KALAMAZOO, Mich. – Consumers CU said it is now offering its business members BusinessPlus Checking and ePayroll Services.

BETHPAGE, N.Y. – Bethpage FCU announced yesterday it is moving 91 back-office jobs to Baltimore as part of a shared service center operation it is developing with two other credit union giants, State Employees CU of Maryland and Colorado’s Bellco CU.

WATERBURY, Conn. – Waterbury Firefighters CU said it has changed its name to FD Community FCU to reflect the community charter for the city of Waterbury and recognizing its heritage founded in the city’s fire department.

FT. WORTH, Texas-Membership and loans have increased by more than 14% since Ft. Worth Community CU here debuted "Gabby," the credit union's virtual spokesperson.

WASHINGTON – Two lawmakers introduced legislation last week that would allow about 130 privately insured credit unions to join the Federal Home Loan Bank system, which is currently restricted to federally insured credit unions and banks and to insurance companies.

MIAMI – Two south Florida credit unions, City County CU and Power Financial CU, and several banks, are teaming with United Ways of Miami-Dade, Broward and Palm Beach to provide a lifeline to the underserved.

ABBEVILLE, S.C. – Greater Abbeville FCU is offering members in financial straits a “Fresh Start Account” aimed at consumers who have been turned away at other lenders.

TINTON FALLS, N.J. – United Teletech Financial FCU is posing a challenge to members for the second year in a row – to save $1 million in interest expense this summer.

WASHINGTON – The Partnership FCU, formerly FDIC Employees FCU, was approved by NCUA to expand its field of membership to serve 7,000 employees of Fannie Mae and Freddie Mac in Washington, Philadelphia, Atlanta, Chicago, Dallas and Pasadena, Calif.

WYOMISSING, Penn. – Utilities Employees CU has signed with SWBC Investment Services to offer its members broker-dealer services.

SAN JOSE, Calif. – Alliance CU is offering a $60 Visa gift card to any members who refer a friend for a new loan or line of credit – part of its 60th anniversary celebration.

BADEN, Penn. – Ambridge Area FCU had an online contest at its Facebook page in an effort to reach the younger generation.

John Cassidy, president and CEO, Sierra Central Credit Union and Dan Sutton, COO of Kemba Credit Union share their thoughts on what has driven growth for their operations.

SouthPoint FCU here has seen increased member satisfaction and a rising number of products-per-member since instituting its Service Points of Excellence program.

AUSTIN, Texas – The Texas CU Division denied an application from Resource One CU, a product of six mergers, to cover a huge swatch of territory covering more than five million people in Harris, Collin and Denton counties.

SIOUX FALLS, S.D. -- Sioux Empire FCU has expanded its field of membership to include residents in McCook or Turner counties.