Corporate governance

SAN ANSELMO, Calif.-Credit unions are spending approximately $150 per new-account acquisition, according to one new study, which found CUs increased their membership base as well as their deposits volume during the 12 months ending March 2011.

PORTSMOUTH, N.H. – Service CU said yesterday it will acquire two branches along the state’s coast with a merger of $36 million Seacoast CU.

VIENNA, Va. – Navy FCU, the nation’s biggest credit union by far, is looking for new ports to conquer.

LANCASTER, Calif. – Antelope Valley CU has expanded into the Santa Clarita Valley and changed its name to All Valley FCU to reflect the change.

ONTARIO, Calif.-Two states hit hardest by the recession are showing signs of recovery in 2011, albeit at different rates.

LAS VEGAS-The economy in southern Nevada is slowly improving after a dismal stretch, and Brad Beal expects $695-million Nevada Federal Credit Union to break even in 2011.

TALLAHASSEE, Fla.-Preparation will play a large role in credit unions' success the remainder of the year, according to Jim Park. The president of CU24.

ONTARIO, Calif.-Auto loan competition that continues to increase demands that credit unions be more thoughtful and strategic with their auto loan business over the remainder of 2011.

RANCHO CUCAMONGA, Calif.-While predicting the economy's course may be difficult, what isn't so difficult is forecasting that the Durbin Amendment could have a big effect on credit union business the rest of the year.

SUMMERVILLE, S.C.-David D'Annunzio hates to rely on an overused phrase, but "cautiously optimistic" seems to be the only way to describe the forecast for the second half of 2011.

DOWNEY, Calif.-On a recent trip to the gas station, Mary Torsney put more than $100 into the tank of her Chevy Suburban-and still only filled it to three-quarters full. So the CFO at Financial Partners CU here certainly understands the affect that high gas prices are going to have as credit unions stare down the second half of 2011.

SAN DIMAS, Calif.-Based on economic signs and the willingness of credit unions to spend a little more, Sarah Canepa Bang predicts CUs will have a stronger second half than the first six months.

BROOKFIELD, Wis.-With the Durbin Amendment hanging over CUs like the "Sword of Damocles," Mark Sievewright says it's time credit unions reinvent how they generate non-interest income.

SACRAMENTO, Calif.-The Golden 1 Credit Union is one of the great turnaround stories in California, having posted five consecutive profitable quarters after enduring huge losses in 2008-09.

PLEASANTON, Calif.-Credit unions will be putting new emphasis in the latter half of 2011 on gaining members and wallet share as the economy grinds toward recovery.

KANSAS CITY, Mo.-For Brandon Michaels, CFO at Mazuma CU here, the first half of 2011 has been fairly positive. The rest of the economy, however, "is still going to be a tough go," he adds.

ST. LOUIS-Slow economic growth means branches will continue to underperform and demand that credit unions make smart and hard decisions about the retail distribution network, one person is emphasizing.

ORLANDO, Fla.-With Florida seeing so much damage as a result of the housing bubble's burst, it's not surprising to hear Orlando FCU CFO Suzanne Weinstein tag her hopes for an economic recovery in the second half of 2011 to the housing market.

LOMBARD, Ill.-Unfortunately, now may be the best credit unions feel about the economy in 2011, according to one analyst who predicts things will take a turn for the worse in second half of the year.

DES MOINES, Iowa-Four things should be on credit unions' radar in the second half of the year, according to The Members Group.