Corporate governance

NEW HAVEN, Conn. — At New Haven County CU, success in the realm of non-interest income comes at a price: $25.

INDIANAPOLIS – Indiana Members CU has signed with the Indianapolis Indians to sponsor the 2011 season for the Triple A minor league affiliates for the Pittsburgh Pirates.

COLUMBUS, Ohio-The fact that not enough small CUs are collaborating to survive was evident during the Ohio CU League's annual meeting.

GREENWOOD VILLAGE, Colo. – State regulators last Friday approved a request by Bellco CU to expand to serve all 610,000 residents of Denver County.

DALLAS-Mortgage lending may be one of the best ways to generate revenue in 2011, but before a CU begins aggressively booking real estate loans, it needs to understand where the risk is, cautions ALM First.

Julia Goebel, vice president of marketing for Ambir Technology, says time savings from new technologies allow tellers to engage the customer and identify opportunities to cross-sell services

VISTA, Calif.-Improving a credit union's document-management capabilities increases operating efficiency, reduces expenses, and bolsters the bottom line, shared Andrew Tilbury.

MADISON, Wis.-One of the most effective strategies for credit unions to enhance the bottom line will also be the hardest, and that's reigniting lending.

ATLANTA-There are several ways to enhance the bottom line, notes one person, but just one where the focus should initially be.

CLEARWATER, Fla.-For the credit card portfolio to make a strong contribution to the bottom line, the CU's card must convey value and prestige.

TALLAHASSEE, Fla.-Credit unions will thank banks for bottom line growth in 2011, predicted Jim Park, who believes CUs will take checking and credit card share from the big boys.

RANCHO CUCAMONGA, Calif.-There are numerous tactics CUs can leverage to boost their bottom lines, but Eric Porter said one of the best places to start is to explode the myth that credit unions on not convenient.

BIRMINGHAM, Ala.-The answers to enhancing the bottom line don't lie in new initiatives. Instead, solutions can be found in existing products and processes.

BIRMINGHAM, Ala.-When it comes to e-statements, the "e" also stands for efficiency, according to one person.

HOUSTON-The bottom line on enhancing the bottom line, said Steve Swanston, is that there's no short answer. The topic could be a book-and a long one at that.

ONTARIO, Calif.-Two often overlooked aspects of shared branching are the cost savings and the ability to test-pilot new products, according to one person.

LAKE MARY, Fla.-Credit unions looking to jump start growth in 2011 don't need to be looking to new members, but doing a much more effective job of getting business from the members they already have.

DEERFIELD BEACH, Fla.-Sandi Torres has a simple bottom line strategy: if a member doesn't know a credit union offers a product, they're not going to purchase that product.

SCOTTSDALE, Ariz.-Credit unions considering aggressive methods to improve the bottom line should instead be content with more conservative strategies, insisted McGuire Performance Solutions (MPS).

TAMPA-To hear Chuck Fagan tell it, there's no one strategy for enhancing the bottom line. Rather, PSCU Financial Services' EVP explained, CUs need to keep a close eye on a trio of factors.