Practice management

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.

MONTGOMERY, Ala. — The Alabama State Employees (ASE) Credit Union has named Jared Freeman as its new chief executive officer, succeeding Ned McHenry, who will retire on Sept. 30, after 26 years of service at the CU.

A CU-fueled collaboration has produced new insights into the keys to successful partnerships.

Filene Research Institute announced that 16 credit union executives have been accepted to its Filene i3 program, which was formed to “foster the development of new ideas and innovations” for CUs.

Credit unions flocked to the nation’s capital for the trade association’s annual pilgrimage to Washington, where executives have the chance to hear from politicians at the conference and then head to lawmakers’ offices to lobby on credit union issues.

Align Credit Union and First Choice Credit Union have merged, in a combination of two institutions in northeastern Massachusetts.

Centurion FCU is set to merge with Crane FCU here, doing business as Centurion, A Branch of Crane Credit Union.

Consumers CU here is set to absorb Palatine, Ill.-based Premier CU, creating an institution with nearly $870 million in assets spanning from northern Cook County, Ill. to the Wisconsin border in Lake County.

IF Bancorp in Watseka, Ill., has named Linda Hamilton chief operating officer.

The federal regulator released its quarterly report showing which states are experiencing the fastest and slowest growth in a number of key areas from loans to deposits and more.