Practice and client management

Leagues across the country continue to take a stance on whether credit unions should be allowed to choose to join either CUNA or their respective leagues instead of requiring dual membership, with the Utah association the latest to announce its take on the debate.

Canyon State Credit Union on Monday said it now has an official partnership with Grand Canyon University.

The end of a calendar year always brings news of credit unions paying bonus dividends to their members, and Goldenwest CU got the ball rolling Monday with an announcement it will issue a record-setting dividend of $1.1 million on Dec. 31.

The Filene Research Institute has opened applications for its new incubator project, “Reaching Minority Households.”

The $8.6 billion-asset company said in a press release Wednesday that James Scott will become chairman on Jan. 21.

Charles Cook will retire next year as chairman of Truxton Corp. in Nashville, Tenn.

S.T.A.R. Community Credit Union of Chico, Calif., will merge into Members 1st Credit Union, here, after members of S.T.A.R. Community gave their approval at a special meeting last week.

Members Development Company, a credit union service organization, has added 10 new owners to its roster.

HAMPDEN, Maine — Maine Savings Federal Credit Union, a $296-million institution based in Hampden, Maine, has witnessed an astonishing 63% surge in net new checking accounts after introducing its "RedWallet" checking product in June of 2014.

Credit unions are less sanguine about the economy according to Catalyst Corporate's most recent CEO Confidence Survey.

Business services CUSO CU Business Group, LLC on Tuesday said it has added 35 new credit union clients so far in 2015, allowing it to top the 500-credit union milestone.

The California and Nevada Credit Union Leagues on Tuesday announced a partnership with the National Federation of Community Development Credit Unions to help interested credit unions in both states become designated as "Juntos Avanzamos" (Spanish for "Together We Advance") organizations.

Wells Fargo has promoted Tim Sloan to president and chief operating officer, a move that likely puts him on a short list of candidates to succeed John Stumpf as chief executive.

With holiday season fast approaching, the National Credit Union Foundation is hosting a Twitter chat on giving.

The board of directors of the Wisconsin Credit Union League on Tuesday said it has signed a “Resolution of Interdependence” that affirms its commitment to dual membership in the league and CUNA.

City Holding in Charleston, W.Va., will be looking to name a new chairman, after Philip McLaughlin said he will resign at the end of the year.

Though lending is still where much of a CU’s income comes from, and CUs have seen 18 straight quarters of loan growth, CUs are seeing weaker profits, according to SNL Financial.

Even before several leagues had come out in support of eliminating the dual membership requirement, CUNA was already contemplating significant changes to its structure, a memo obtained by Credit Union Journal reveals, despite the board having previously voted down such changes in September.

The $610 million-asset company named Tim Schools president and CEO of both the holding company and Highlands Union Bank, pending regulatory approval.

Centrue Financial in Ottawa, Ill., has named a new chairman, after its longtime chairman resigned for health reasons.