From East and West, Midwest and South, credit union people in the news.
The $1.2 billion Numerica Credit Union in Spokane, Wash., is now using an automated software program to help jump into commercial and industrial lending, an area of untapped potential for many credit unions, the credit union said.
Bank veteran joins Connecticut credit union to bolster business lending operation.
SafeAmerica Credit Union Board announced that Barry Roach will be its new president/CEO. Roach was previously the vice president of retail delivery at Meriwest Credit Union, based in San Jose, Calif.
People, promotions, hirings.
The board of directors of $1.5 billion Technology Credit Union has written the CU's 74,000 members that they may be better served by converting the credit union to a bank.
Online Resources Corp. of Chantilly, Va., said it has signed the $2 billion Northwest Federal Credit Union in Herndon, Va., to a multi-year agreement for online banking and bill pay solutions.
One of the biggest mistakes credit unions can make in serving their business members is treating them like their traditional members.
Conversion to take place in 2012, company and credit union said.
Despite having a small percentage of business members, some credit unions believe they are now better positioned to grow their penetration in the small business market than they were prior to the start of the financial crisis a few years ago.