Practice management

Though the financial crisis forced consumers to focus on socking money away for a rainy day, a recent study suggests that thrift effect is already fading, but credit unions are in a position to help turn that around and build member relationships in the process.

CIT also plans to sell peripheral businesses to simplify its structure, less than three months after the close of its $3.4 billion deal for OneWest Bank.

CUNA Mutual Group reports economic outlook is good news for credit unions.

Members of W-G FCU in Worcester, Mass., have voted to approve a merger with RTN Federal Credit Union in Waltham, Mass.

The League of Southeastern Credit Unions & Affiliates (LSCU) and the New York Credit Union Association (NYCUA) on Tuesday said they have signed a letter of intent to combine many of their operations into a jointly owned subsidiary that will house all of their back office functions.

From interest rate risk to C-suite and boardroom diversity to succession planning, community bankers need to be acutely tuned in to a combination of global and domestic factors that are changing their world at an unprecedented pace.

The online lender Enova International has hired an ex-HSBC executive as its chief operating officer.

Dollar Bank in Pittsburgh has named James McQuade its CEO-in-waiting. McQuade will succeed Robert Oeler on Nov. 1 as president of the $7.2 billion-asset mutual thrift, and then will become CEO some time next year, when Oeler retires from that position.

Industry stakeholders criticize the largest credit union trade group’s resistance to change.

Investar Holding in Baton Rouge, La., has made a series of changes to its executive ranks.

The $3.8 billion Lake Michigan CU and $1.9 billion United FCU expect the deal to close by end of the year.

When KeyBank made history by appointing a woman as chairman and CEO, the goal it had set for itself was not to break the glass ceiling, but only to find the best person for the job, says Beth Mooney in her speech at the Most Powerful Women in Banking and Finance celebration. But this historic choice is a testament to how Key's diverse board of directors — its diversity ratio is more than 50% — helps ensure a truly inclusive culture throughout the organization. (For more on how the women in our rankings are pursuing diversity in the boardroom, click here.)

Nusenda Credit Union took home the prize for "Most Innovative Community-Based Banking Organization" at the 2015 Global Banking Innovation Awards hosted by BAI-Infosys Finacle in Las Vergas.

The board recommends the charter change as part of a ‘long-term strategy’ to better serve members, while providing opportunities for growth.

Credit Union Journal celebrates International Credit Union Day with its annual Day in the Life of Credit Unions photo essay. Credit unions across the country took photos throughout the day on Aug. 10, showing the typical—and not so typical—course of events on that day.

HAWTHORNE, Calif. — Members of $21 million British Airways Employees Federal Credit Union voted "overwhelmingly" to approve a merger into $440 million SkyOne Federal Credit Union, based here.

Student sales associates at NE PA Community Federal Credit Union are doing more than learning about working for a credit union--they are also teaching the credit union’s executives how to use new technologies.

While debate continues over whether credit union “volunteers” should be paid, a study reveals the lengths to which many CUs are already compensating their volunteer board and committee members, even without formally paying them.

Affinity Group Credit Union announced that it has changed its name to Michigan Legacy Credit Union, effective Tuesday.

Atlantic Capital Bancshares in Atlanta has hired the former chief financial officer at Square 1 Financial in Durham, N.C., to fill the same post.