PHOENIX – As two major accounting standards groups attempt to improve the quality of financial instrument reporting, one expert said new problems are being created.

MOORE, Okla. – The massive, mile-wide tornado packing 200-mile-per-hour winds that roared through the suburbs of Oklahoma City and leveled the town of Moore, killing 24 people at last report, has damaged at least one CU office.

With manufacturer incentives making indirect auto an extremely tough market to compete in now, MidSouth Community FCU quickly turned to direct auto loans this year and has more than doubled results over last year.

The clock is ticking on historically low mortgage rates, meaning credit unions must start to make some adjustments.

CEOs are pulling several levers this year to bolster the bottom line, but none more important than the one tied to member convenience.

CUs have been trimming expenses up and down the budget. But it's not so much to save money anymore as it is to reallocate dollars to more productive areas of the business.

Looking to cut costs? Investments in staff training may do the trick.

With just 45% of the average credit union's members using its checking account as a primary checking service, Dennis Dollar says it's great to see CUs aggressively going after this product in 2013.

An aggressive auto-loan recapture program and lower-balance mortgage refis are keys to making the bottom line at Shreveport FCU look even better this year.

An improving economy has provided credit unions with three opportunities to improve their bottom lines, according to Scott Hansen.

As part of Credit Union Journal's ongoing commitment to helping credit unions grow, in this issue a special Bottom Line report offers perspectives from more than a dozen people on boosting revenue and the bottom line in the second half of 2013.

Want to boost the bottom line? Get to know your members better-and make sure they know you just as well.

Aspire FCU is spending more on technology and self-service delivery channels-while closing underperforming branches-to drive the bottom line.

Stefana Houldsworth, director of product management for automotive solutions for marketing resource management provider Spireon, told Credit Union Journal credit unions have every reason to stay focused on auto lending.

An emerging trend in which CUs that had previously sold their card programs only to bring them back in house is showing no sign of abating, according to Symitar.

CUs are loosening credit standards to widen the pool and bring in more loans, reports The Members Group.

Four years after NCUA placed five corporate credit unions into conservatorship, the biggest question that remains is what will be the final cost to natural-person CUs.

It's been four years since the most cataclysmic and costly series of events in the history of U.S. credit unions: the conservatorship by NCUA of five failed corporates.

Credit Union Journal spoke with NCUA Director of Examination and Insurance Larry Fazio, who shared NCUA's view on its management of those five failed corporates' investments and the conservatorships.

ONTARIO, Calif.-More credit union members, especially younger ones, are placing as much emphasis on convenience as rate when shopping for a car and closing the loan.