Practice management

LAS VEGAS — Earlier this month at the 39th Directors and CEOs Leadership Convention, Credit Union Journal asked attendees: What are the biggest issues facing your CU as you head into strategic planning season?

What does it take to get the most from a CU's board of directors? It's more than just a rubber stamp.

Minnesota-based TruStone Financial FCU announced a merger with Wisconsin-based Kenosha Postal Employees CU, effective Sept. 10, 2016.

The chairman of First National Bank of Santa Fe has accepted additional duties ahead of the bank's upcoming merger.

U.S.-based credit unions aren't the only ones engaged in a slew of mergers — the trend is also underway across the pond.

The California and Nevada Credit Union Leagues have partnered with education technology company EverFi to bring digital financial education to 70 of their member credit unions and the communities they serve.

The longtime chairman and chief executive of Cathay General Bancorp will relinquish his CEO title this fall and the company's bank president is set to succeed him.

Lower Valley Credit Union, based in Sunnyside, Wash., on Wednesday announced it was given a $100,000 Wells Fargo NEXT Seed Capital Award to implement its strategy to launch an innovative consumer finance community outreach program in Prescott, Wash.

Needham Bank in Massachusetts is searching for a new chief executive just 14 months after its current leader took over.

A dozen states now take part in the Hispanic outreach initiative.

The $1 billion-asset Greylock announced in a press release Monday that it is acquiring via merger tiny Hurlbut Employees FCU.

The $359 million-asset Merchants said in a press release Friday that Rocco Del Vecchio will succeed Anthony Biondi as chief executive on Aug. 22. Biondi is retiring after 12 years on the job.

CNB Financial in Clearfield, Pa., has picked a veteran director to be its next chairman, the sixth in the company's 32-year history.

Lending, technology and talent management are among the areas experts suggest credit unions focus on in their 2017 strategic planning sessions.

Las Vegas-based Silver State Schools Credit Union released its second quarter financial results for 2016. These results mark the credit union’s 17th consecutive quarter of growth following the financial crisis and Great Recession.

Ardent Credit Union, formerly called Sb1 Federal Credit Union, will introduce a re-branding advertising campaign on Monday– an initiative that will include cable TV, online and digital venues.

Mercantile Bank and Dime Community recently outlined plans for their CEOs' retirements, while Cullen/Frost made the transition earlier this year. Each transition is anchored in a belief that success hinges on turning day-to-day operations over to a trusted lieutenant.

Four years after the first states legalized marijuana, most bankers still want nothing to do with it.

State-chartered CUs have only been eligible to participate as associate members since the trade group altered its bylaws last summer.

David Van Rossum has led the credit union since January and has also held leadership roles with CUSOs and on credit union boards.