Practice management

Keys Federal Credit Union, a $121-million institution based in Key West, Fla., announced the formation of a new volunteer board of directors and supervisory committee, just one week NCUA took Keys FCU out of conservatorship.

The $5.6 billion-asset credit union said it will offer a special 15-month certificate of deposit to members for a limited time, to commemorate passing the 500,000-member milestone.

MUFG Americas Holdings in New York, the holding company for California's Union Bank, has named Kanetsugu Mike chairman of the holding company and bank.

Wade Reece has announced his plans to retire after 25 years heading BB&T's insurance division.

CUES has selected the five finalists in its 2015 Next Top Credit Union Exec Challenge.

Premier Financial Bancorp in Huntington, W.Va., has hired a former BB&T executive as its bank president and chief executive.

The National Federation of Community Development Credit Unions, announced Bank of America has made a $10 million investment in the Federation's Community Development Investment Program.

Catskill Hudson Bank in Kingston, N.Y., has hired Orville Aarons as its president. Aarons, a former director at Naugatuck Valley Financial, had been working as a consultant to Catskill Hudson since April.

Jim Nussle is celebrating his first anniversary as the head of CUNA by announcing a host of new initiatives including a dues reduction and non-voting membership classes for industry stakeholders such as vendors who serve credit unions. The announcement comes days after the trade group's board largely rejected changes recommended by its restructuring task force.

Area credit unions say they are optimistic the new wage won’t hurt them too badly.

In the latest example of consolidation among corporate credit unions, the boards of directors for both Mid-Atlantic Corporate Federal Credit Union, Middletown, Pa., and First Carolina Corporate Credit Union, Greensboro, N.C., said they have agreed in principle to combine their organizations in a “merger of equals” that would continue the trend of corporate consolidation.

America’s Credit Union Museum announced it has surpassed $2 million in pledges as it continues to reach its $3.3 million capital campaign target.

Wells Fargo has seven women on its 16-member board, a 44% ratio that is twice that of the average top 25 bank. It got there, in large part, by looking beyond C-suites for qualified directors.

St. Cloud Federal Credit Union and St. Cloud City and County Employees Credit Union in Minnesota have agreed to merge.

The 45 credit unions that earned a spot on our second annual ranking of the Best Credit Unions to Work For know how to have fun — and make a difference — at work.

Fidelity Bank, a mutual in Fitchburg, Mass., that's merging with another mutual, has named Christopher McCarthy chief operating officer.

While the group is adopting some changes in order to improve its advocacy efforts, the biggest and most controversial suggestion — that credit unions no longer be required to belong to both CUNA and their respective state leagues — was nixed.

Merchants Bank of Bangor in Pennsylvania has tapped its chief operating officer, Tracey Smith, to become chief executive next year.

The Bank of New Mexico said that its chairman and chief executive will switch roles at the beginning of next year.

Prudential Bancorp in Philadelphia has named Anthony Migliorino to the newly created job of chief operating officer.