Practice management

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.

The Carolinas CU League joins Michigan, New York and Ohio in support of allowing CUs to choose whether to belong to both CUNA and their respective state associations as the fissure between the national trade group and its affiliated state and regional leagues widens.

Directors vote unanimously to offer credit unions in North and South Carolina the option of joining the state league without joining CUNA.

CHEYENNE, Wyo.—The boards of directors of Warren Federal Credit Union (WFCU) and Community Financial Credit Union (CFCU) announced that they plan to merge the two institutions.

Pentagon Federal Credit Union received some high-profile praise on a White House blog on the eve of Veterans Day.

It's hard enough competing with other credit unions and banks, but the traditional financial services marketplace is increasingly populated by untraditional competitors.

Boston Private Financial Holdings' president, Mark Thompson, has announced plans to retire at the end of the year.

As more state leagues take a stand on whether to support CUNA/League interdependence or CUs being able to choose to belong to just one or the other, credit union leaders at the California and Nevada CU League's annual meeting add their voices to the debate.

EnerBank USA in Salt Lake City has chosen Charlie Knadler to succeed Louise Kelly as president and chief executive after her retirement next month.

Credit union leaders react as state leagues begin to line up on either side of the current requirement that credit unions must belong to both CUNA and their respective state leagues—a rule that many CU executives have long bemoaned.

COLORADO SPRINGS, Colo. — In a special member vote, Ent Federal Credit Union members approved a proposal to convert from a federal charter to a state charter.

The heads of CUNA and the California and Nevada Credit Union Leagues argued now is not the time for CUs to break up the CUNA/state league system that works well together.

The chief executive of First Capital Bancorp in Glen Allen, Va., plans to resign, about a month after the company agreed to sell itself.

Two more state leagues have come out on whether credit unions should be required to belong to both CUNA and their respective state leagues.

First Banks in Clayton, Mo., has announced that Chairman James Dierberg's son will succeed him, marking the fourth generation of the Dierberg family to lead the company.

Claremont Savings Bank in New Hampshire has found a successor to Chief Executive Sherwood Moody.

Jersey Shore Federal Credit Union and Atlantic City Firemen's Federal Credit Union, both located in Northfield, agreed last month to merge. They expect the merger to be completed on Jan. 31, including all systems conversions.