Practice management

LAS VEGAS-Standing next to a graphic showing the logos of well-known companies that have foundered or disappeared in recent years, Rich Weissman, CEO of database company DMA, said there's a question leaders must ask themselves: How did that happen?

WEST PALM BEACH, Fla.-Faced with shrinking ROA and growing compliance demands, credit unions and leagues are collaborating to devise solutions to keep small CUs in business.

RUSSELLVILLE, Ark.-Nancy Mattox believes unrelated business income is what will carry small credit unions through their current problems.

ERIE, Penn.-Eleven small Pennsylvania CUs have formed a working group to help each other grow.

LAS VEGAS-After making the difficult decisions to close two branches and lay off 18% of its staff in 2009, Bay Federal Credit Union is embarking on an overhaul of how it prices its products according to the member who is using them.

ONTARIO, Calif.-The California and Nevada CU League is making compliance the initial focus of its CU Roots CUSO.

OLD FORGE, Penn.-A year ago Incol CU would never have considered taking out a full-page newspaper ad and partnering with a local car dealership on an auto loan promo.

HARRISBURG, Penn.-The Pennsylvania CU Association it making it more affordable for small credit unions to call in the league's "Compliance Cavalry."

LANCASTER, Penn. – Mennonite Financial FCU and Mennonite Mutual Aid (MMA) have adopted a unified identity – Everence.

SYRACUSE, N.Y. – Empower FCU, which has grown to $920 million through a series of mergers, has agreed to acquire Providers FCU, a troubled $10 million credit union here.

WEST LAFAYETTE, Ind. – Purdue Employees FCU said it is dropping the “Employees” from its name to avoid any confusion on membership eligibility, as it acquires $6 million Members United FCU of nearby LaPorte, Ind.

INDIANAPOLIS-It doesn't always take a special promotion or a creative ad campaign to convince consumers to bring their business to the credit union.

PEMBROKE PINES, Fla. – State regulators approved a request from Power Financial CU to expand into Florida’s Keys, a 160-mile string of connected islands south of Miami.

Credit union trade groups long have trumpeted how much money CUs save consumers directly and indirectly — Global Credit Union is taking the concept a step farther.

AUGUSTA, Maine – New television commercials for the Maine CU League’s awareness campaign will feature an animated, three-dimensional look, and will invite viewers to “Look into Maine’s Credit Unions. You’ll like what you see.”

SEWICKLEY, Penn. – Members lined up Friday for PA HealthCare CU’s “Perfect 10” CDs, celebrating 10-10-10 $1,010, 10-week CD paying 10% APR.

Numerica Credit Union is reaching out to young members and potential members with a new website that offers financial tips and a chance to win a cash prize through a video contest.

Last year Co-op Services CU learned an important lesson about randomly giving away $100 bills to local residents.

EL PASO, Texas – GECU, formerly Government Employees CU, has applied to state regulators to expand its field of membership over state lines to serve the New Mexico counties of Dona Ana and Otero.

CEFCU had a stellar 2009 and continues to prosper in the first half of 2010, earning it a spot on the Credit Union Journal Leader Board.