Corporate governance

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.

LOMBARD, Ill.-It's time CUs improve their ability to manage their cost of funds-getting back to core competencies practiced before overdraft and interchange revenue became big contributors to the bottom line.

SAN ANTONIO-Remember the cuts credit union management made to the marketing and training budgets? It might be time to put that money back.

SAN DIEGO-As credit unions turn to new technology to impact the bottom line, one person suggests not overlooking "the basics."

DES MOINES, Iowa-Regardless of what happens in the fight over debit interchange, credit unions have to get started today with a strategy to make the debit card program viable into the future.

WILMINGTON, N.C.-The lever CUs should be pulling the hardest to drive the bottom line is the one connected to the checking account, according to Bob Giltner.

MOLINE, Ill.-A business model that combines high tech with personal attention has helped credit union double assets in the last five years.

SAN FRANCISCO – Mission SF FCU may have a small membership – just 2,500 – but the one-time $9 million credit union that failed Friday will provide a big footprint in the Bay City for two-year-old Self-Help FCU, which agreed to acquire the remnants of the community development credit union.

WARNER ROBINS, Ga. – Robins FCU said it has acquired all the middle Georgia assets and accounts of Kentucky’s Park Community CU in an unusual credit union transaction.