Practice management

Municipal Employees Credit Union Of Baltimore (MECU), a $1.2-billion institution based in Baltimore, Md., said its members received a loan interest rebate last week and will receive an “extraordinary dividend” at the end of this month.

Ascend Federal Credit Union, a $1.8-billion institution based in Tullahoma, Tenn., said it has issued bonus dividends and loan interest refunds totaling more than $6 million.

LA CROSSE, Wis. -- Marine Credit Union announced Monday that it has completed its merger with United Service Community Credit Union.

KINGSPORT, TENN. — Eastman Credit Union announced over the weekend that it will issue a $10 million extraordinary dividend to members as a reward for doing business with the CU.

Union Community Bank in Mount Joy, Pa., will promote its chief operating officer to lead the bank, after the retirement of its longtime president and chief executive.

The Bancorp in Wilmington, Del., is looking for a new chief executive. The $4.7 billion-asset company said that Frank Mastrangelo resigned as CEO to become its technologist in residence.

Peoria, Ill. – Citizens Equity First Credit Union (CEFCU), a $5.2-billion institution based in Peoria, Ill., said its board of directors has issued a $40 million “extraordinary dividend” to its members for the second consecutive year.

After more than a year of debate, the trade association is amending its bylaws that required credit unions to belong to both CUNA and their respective state leagues. Credit Union Journal offers a look at how the debate finally got to this point.

The credit union industry as a whole continues its streak of strong quarterly results, but the “great divide” between large and small CUs still exists.

U.S. Bancorp has plucked longtime lending executive Tom Wind from EverBank Financial to run its mortgage business.

In dramatic move, trade group says it will draft new bylaws and present to membership in early 2016.

Now that the state House of Representatives has passed the legislation, all eyes turn to the state Senate, where the Michigan CU League expects to find strong support for the modernization effort.

Eileen Serra, 61, the chief executive of the Chase Card Services unit, will step down in January and become an adviser to the company on growth initiatives, according to a memo Wednesday from Gordon Smith, JPMorgan's CEO of consumer and community banking.

CIT Group will pay about $60 million in severance to 14 executives who have been dismissed or left the company, as it continues to shuffle its executive lineup following its August acquisition of OneWest Bank.

Several CEOs hitting the magic age of 63 have chosen to sell their institutions, suggesting a dearth of younger executives waiting in the wings.

Cardinal Bankshares in Floyd, Va., has named a new chairman and made additional executive appointments ahead of its merger with Grayson Bankshares in Independence, Va.

First Republic Bank in San Francisco has promoted Jason Bender to chief operating officer.

Elevations Credit Union in Boulder, Colo., has launched a new website, featuring a responsive desi

Scott Credit Union declared a bonus dividend and loan interest rebate, giving back more than $1.3 million to its members.

The National Credit Union Foundation's financial literacy program for children, Biz Kid$, will receive proceeds from the 2015 San Diego County Credit Union's Poinsettia Bowl.