Corporate governance

LOMBARD, Ill.-There is no shortage of strategies being rolled out in the wake of Bank Transfer Day.

SHOREVIEW, Minn.-Many credit unions entered 2012 with a wealth of new members as a result of Bank Transfer Day. But one person is advising CUs not to just lump those new members in with the rest after the first 90 days.

MADISON, Wis.-The record number of new members joining credit unions in the last six months has only increased the importance of using identity-verification services.

HOLLYWOOD, Calif.-The Bank Transfer Day membership boom has now given way to an increasingly important issue: can credit unions, in the face of an influx of new members, continue to provide a high level of service?

VENTURA, Calif.-Bank Transfer Day still has not stopped for $542-million Ventura County Credit Union, prompting it to query the new members to determine where they previously did their banking.

PLEASANTON, Calif.-The news is mixed for CUs when it comes to consumers' views in the wake of Bank Transfer Day.

WOODLAND, Calif. – Yolo FCU announced it will host a special challenge to help save the community $1 million in loan interest by June 30.

MIDLAND, Texas – Melinda White was chosen as the winner of the My Community FCU’s promotional loan payoff, up to $20,000.

MADISON, Wis.-Despite increasing usage of online bill-pay and the rise of mobile wallet and P2P payments, one person told Credit Union Journal an old threat remains as big a concern as ever.

BOULDER, Colo. – Elevations CU was awarded a 10-year contract to provide banking services to students, faculty and staff at the University of Colorado’s Boulder Campus.

RANCHO CUCAMONGA, Calif. – CO-OP Financial Services has named the three finalists for the second annual CO-OP THINK Prize, which includes a $10,000 grand prize presented by MasterCard.

CHICAGO – AFL CIO Employees FCU last week was approved by NCUA to add the Service Employees International Union, Local 1, to its field of membership.

COLLINSVILLE, Ill. – Scott CU, a former defense credit union that now serves 17 southwest Illinois counties, was approved by state regulators in Missouri to serve almost 1 million residents in adjacent St. Louis County, Mo.

MOLINE, Ill.-Nothing runs like a Deere, and perhaps the same can be said for its credit union, too, which has committed itself to running wherever the sponsor runs.

COLUMBUS, Ohio – Three local credit unions – Western CU, Powerco CU and Members First CU – plan to combine operations in a rare three-way merger to create an entity with $175 million in assets and about 25,000 members.

KATY, Texas – A group headed by the mother of Prince Fielder, a major league baseball star, announced plans to charter a credit union with an educational wealth empowerment program for pro athletes and their families.

HILO, Hawaii – CU Hawaii FCU has acquired Ka’u FCU in a merger, creating a $235-million credit union with more than 27,000 members.

COQUILLE, Ore. – Oregon First Community CU has completed the merger of SOFCU Community CU, creating a credit union with $710 million in assets and 30 branches serving more than 70,000 members.

YAKIMA, Wash. – Yakima Valley CU and Catholic CU have completed their combination, creating a $475-credit union to be known as Solarity CU.

ALEXANDRIA, Va. – NCUA yesterday reported it approved three more conversions from federal to state charters in December, making nine for the year.