Corporate governance

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.

DOVER, Del. – Del-One FCU is asking its youngest members to sing it out: why “Money Rocks At My Credit Union,” as part of next month’s National Credit Union Youth Week.

RICHMOND, Va. – A dozen real-life members of Virginia CU sing and dance to demonstrate their love for their credit union in a Glee-like, 30-second TV spot debuting this week.

LATHRUP VILLAGE, Mich. — CEO Michael Poulos summed up why Michigan First Credit Union has 27 branches in local schools and spends $500,000 annually on the effort — "Banks have 200 retail branches and I have nine."

46% of CP FCU's new members come from the schools in which it has a presence, and its most recent data shows 8,845 of young adults have remained with the CU following high school.

TAMPA-Among all students in the 33 in-school branches Suncoast Schools FCU operates, those who pack away the most savings are the youngest.

CLEVELAND – Firefighters Community CU has launched a campaign to save residents $1 million in loan and credit card interest in 2011 with its “Dare 2 Compare Challenge.”

POTTSVILLE, Penn. – Hidden River CU, which serves mostly school districts, has been approved by state regulators to convert to a community charter serving the 150,000 residents of surrounding Schuylkill County.

PORTLAND, Ore. – State regulators have approved an application from OnPoint Community CU to add Crook and Jefferson counties in central Oregon to its field of membership.

SYRACUSE, N.Y. – Summit FCU is the lead sponsor for the Syracuse University Football Team’s first “Orange on the Road” spring practice and scrimmage later this month.

GREENWOOD VILLAGE, Colo. – Bellco CU, a $2 billion credit union chartered to serve the local telephone company, has applied to state regulators to expand to serve all 610,000 residents of Denver County.

MADISON, Wis.-From developing a loan program that lets members fund college needs through gift cards, to a software program that allows the credit union to automatically lower interest rates annually for members who make payments on time, the Filene Research Institute's pipeline has new projects in store.

NEGAUNEE, Mich. – Superior Iron Range CU is sponsoring the 20th annual Car Show at the Superior Dome in Marquette.