Practice and client management

Hanscom Federal Credit Union has acquired W.H. Nichols Employees Federal Credit Union as of Jan. 1.

Lafayette Federal Credit Union, Kensington, Md., on Tuesday said it completed the acquisition of $77 million CSC Employees Federal Credit Union of Falls Church, Va., which will continue as a division of LFCU.

Four Oaks Fincorp in Four Oaks, N.C., has appointed Lisa Herring chief operating officer of the company and Four Oaks Bank & Trust.

Oak Valley Bancorp in Oakdale, Calif., has promoted Jeff Gall to chief financial officer. Gall had been the vice president of finance and accounting.

DFCU Financial, a $3.9-billion-asset credit union based in Dearborn, just outside of Detroit, announced it has returned half of its 2015 income – amounting to some $25-million – back to 100,000 of its members through its “Cash Back” annual loyalty reward program.

TruStone Financial Federal Credit Union in Plymouth, Minn., has merged with Wisconsin-based Southshore Credit Union of Cudahy and First Credit Union of Oak Creek.

Peach State Federal Credit Union, a $301-million institution based in Lawrenceville, Ga., announced it has introduced a new website that is designed to provide visitors with an “improved online experience.”

Prime Meridian Holding in Tallahassee, Fla., has tapped a board member to serve as its new chief financial officer.

Hanscom Federal Credit Union announced that it will pay out a “loyalty dividend” to members that will return 2% of most consumer loan finance charges as well as 2% on dividends earned on savings.

KeySavings Bank in Wisconsin Rapids, Wis., has promoted a vice president to chief executive.

Menominee County Federal Credit Union said it will change its name to Integra First Federal Credit Union, effective Friday.

Nominations for the Pennsylvania Credit Union Association’s board of directors are due Jan. 15.

After being elected to the Glendora City Council in March, Mendell Thompson, president and CEO of $303 million America’s Christian Credit Union, was able to make an immediate positive impact for local CUs.

NCUA approved four new credit union charters in 2015, continuing the trend of seeing just a handful of new CUs joining the ranks. As part of Credit Union Journal’s Year in Review, we recap this year’s crop of de novo charters and explore why there are so few of them.

WATERFORD, Conn. – Charter Oak Federal Credit Union on Tuesday said it has awarded more than $438,000 in annual $100 cash bonuses to its Gold Rewards members in December – a new record for the $914 million credit union.

Franklin Savings Bank in Franklin, N.H., has tapped its chief operating officer to succeed Jeffery Savage, when he retires as CEO next year.

Rockhold, Brown & Co. Bank in Bainbridge, Ohio, has tapped its chief financial officer to succeed Bill Hubbard as chief executive.

MADISON, Wis. – Compensation for credit union boards of directors divides many in the CU movement – it was part of an extensive CU Journal Special Report last year and a study from Filene Research Institute earlier this year added to the conversation about this complex issue.

First Farmers and Merchants in Columbia, Tenn., promoted Brian Williams to president of both the holding company and First Farmers and Merchants Bank. The $1.2 billion-asset company also named Timothy Pettus vice chairman of the holding company and bank.

For steering the Winston-Salem, N.C., company through an extended period of industry adversity, while providing a blueprint for large-scale M&A, King has been named American Banker's Banker of the Year for 2015.