Practice management

HOLLYWOOD, Calif.-The Bank Transfer Day membership boom has now given way to an increasingly important issue: can credit unions, in the face of an influx of new members, continue to provide a high level of service?

VENTURA, Calif.-Bank Transfer Day still has not stopped for $542-million Ventura County Credit Union, prompting it to query the new members to determine where they previously did their banking.

PLEASANTON, Calif.-The news is mixed for CUs when it comes to consumers' views in the wake of Bank Transfer Day.

WOODLAND, Calif. – Yolo FCU announced it will host a special challenge to help save the community $1 million in loan interest by June 30.

MIDLAND, Texas – Melinda White was chosen as the winner of the My Community FCU’s promotional loan payoff, up to $20,000.

MADISON, Wis.-Despite increasing usage of online bill-pay and the rise of mobile wallet and P2P payments, one person told Credit Union Journal an old threat remains as big a concern as ever.

BOULDER, Colo. – Elevations CU was awarded a 10-year contract to provide banking services to students, faculty and staff at the University of Colorado’s Boulder Campus.

Ten days in the investment markets can have an enormous impact on any client’s portfolio. But because it is nearly impossible to predict which ones will be the best, investors should stay in the market and remain diversified, David Gluch, CFA, a director of U.S. product management for Invesco, said during a presentation at the IMCA 2012 New York Consultants Conference.

RANCHO CUCAMONGA, Calif. – CO-OP Financial Services has named the three finalists for the second annual CO-OP THINK Prize, which includes a $10,000 grand prize presented by MasterCard.

CHICAGO – AFL CIO Employees FCU last week was approved by NCUA to add the Service Employees International Union, Local 1, to its field of membership.

COLLINSVILLE, Ill. – Scott CU, a former defense credit union that now serves 17 southwest Illinois counties, was approved by state regulators in Missouri to serve almost 1 million residents in adjacent St. Louis County, Mo.

MOLINE, Ill.-Nothing runs like a Deere, and perhaps the same can be said for its credit union, too, which has committed itself to running wherever the sponsor runs.

COLUMBUS, Ohio – Three local credit unions – Western CU, Powerco CU and Members First CU – plan to combine operations in a rare three-way merger to create an entity with $175 million in assets and about 25,000 members.

KATY, Texas – A group headed by the mother of Prince Fielder, a major league baseball star, announced plans to charter a credit union with an educational wealth empowerment program for pro athletes and their families.

HILO, Hawaii – CU Hawaii FCU has acquired Ka’u FCU in a merger, creating a $235-million credit union with more than 27,000 members.

COQUILLE, Ore. – Oregon First Community CU has completed the merger of SOFCU Community CU, creating a credit union with $710 million in assets and 30 branches serving more than 70,000 members.

YAKIMA, Wash. – Yakima Valley CU and Catholic CU have completed their combination, creating a $475-credit union to be known as Solarity CU.

ALEXANDRIA, Va. – NCUA yesterday reported it approved three more conversions from federal to state charters in December, making nine for the year.

ALEXANDRIA, Va. – NCUA on Tuesday said it approved four more mergers for billion-dollar-plus credit unions, as credit unions giants ended the year as they began it – acquiring their smaller brethren.

KALAMAZOO, Mich. – Consumers CU is relying on real members to tell their testimonials to the public in a new multi-media campaign that focuses on the financial success many members are celebrating due to their credit union.