Practice management

JACKSONVILLE, Fla. — Members of Florida Baptist Credit Union voted 92% in favor of a merger into First Florida Credit Union, with the transaction effective June 1, the two CUs said Friday.

The Delaware Credit Union League announced its member credit unions voted unanimously — by a tally of 28-0 — to merge the DCUL with the Cooperative Credit Union Association.

In an effort to remove barriers to entry and drive stronger membership growth, the $15 billion credit union is taking the concept of 'minimum balance' to a whole new level: $0.

MADISON, Wis. — Filene Research Institute has produced its inaugural report on organizational culture and entrepreneurship.

Taking a page from the age-old adage of "if you can't beat 'em, join 'em," credit unions are ramping up efforts to partner with fintech companies.

It's tough enough for people to rise to the top once in life. Getting there twice is harder still. Here are some notable examples of executives from that select, latter group.

John Garbarino will step aside as chairman of the $4.2 billion-asset company on Dec. 31, but he will turn over the job to a familiar face — Christopher Maher, who will remain president and chief executive, also.

In an effort to attract college-age members for possible future employment, East Lansing, Mich.-based MSU Federal Credit Union welcomed 24 interns to its inaugural Financial Innovation and Education Center.

The low-interest-rate environment, combined with years of dire NCUA warnings about staying away from long-term investments, has left credit unions wondering exactly how they are expected to generate income. Credit Union Journal asked attendees of the CUNA CFO Council Conference in Anaheim, Calif., how they deal with this quandary.

Georgia United Credit Union announced it has reached a key business growth milestone, surpassing the $1-billion mark in total assets.

Credit union strategists and economists share perspectives on where the economy is heading and, more importantly, what credit unions should be doing right now to be ready for almost anything.

ALEXANDRIA, Va. -- Low-income credit unions seeking Community Development Revolving Loan Fund assistance should give themselves sufficient time to file their applications, the National Credit Union Association said Thursday.

Kelly King promised "additional announcements later this year" tied to long-term succession planning, and it was initially unclear if he was referring to his own retirement plans. BB&T later said that King would be CEO for the "foreseeable future."

Keystone Federal Credit Union’s members “overwhelmingly approved” a proposed merger with TruMark Financial Credit Union on Wednesday.

Georgia Credit Union Affiliates and the Association of British Credit Unions Limited announced last week the formation of a mutual learning partnership among credit unions in Georgia and England, Scotland and Wales.

Though Catholic credit unions face many of the same challenges others do, they also must contend with some concerns that are specific to serving a religious organization, which is what pushed 11 credit unions that all serve Catholic churches to band together.

National Credit Union Administration will host a free webinar next month that examines how credit unions can achieve sustained growth using multi-strategic initiatives.

CUs in North Dakota's oil country have to be ready to respond to the ebb and flow of the energy market, with the attendant ebb and flow of members and money and the specter of increased delinquency.

Motorola Employees Credit Union (MECU), a $901-million institution based in Schaumburg, Ill., said it will change its name to Andigo, most likely in September of this year.

Sb1 Federal Credit Union, a $634-million institution based in Philadelphia, will change its name to Ardent Credit Union, effective June 14.