Practice management

Bonus dividends offer positive PR opportunities, but only a relatively small number of credit unions issue them, according to a study by credit union consultancy Callahan & Associates.

NEW YORK — The National Federation of Community Development Credit Unions announced the expansion of Juntos Avanzamos (Spanish for "Together We Advance"), a designation for credit unions committed to serving and empowering Hispanic consumers.

Hudson River Teachers Federal Credit Union, a $51-million institution based in Mohegan Lake, N.Y., has changed its name to Hudson River Financial Federal Credit Union, effective immediately.

United Educational Credit Union, a $123-million institution based in Battle Creek, Mich., announced it will re-brand itself as "BlueOx Credit Union," effective January 1, 2016.

One CEO sums up industry frustration this way: 'Why ask the hard questions if you ignore the tough answers?'

The Virginia credit union's website offers concrete reasons for becoming a CU member instead of a bank customer.

Brokers need a plan to reposition their offerings and solve for multiple ACA issues, as employers are offered these services from numerous industry players.

John Neal will retire later this year as president of Union Bank & Trust in Richmond, Va. Neal, 66, will step down on Dec. 31 after 24 years at the $7.5 billion-asset bank.

The practice court at Bankers Life Fieldhouse in Indianapolis, home to the Indiana Pacers and Indiana Fever basketball teams here, is getting a new name.

With a rich history of providing credit to those who otherwise might not have had access to financial services, credit unions are in a unique position to reach out to this demographic.

Cash America International, a payday lender in Fort Worth, Texas, has named Brent Stuart chief executive.

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.