Stephanie Smith was named the executive director for America's Credit Union Museum in Manchester, N.H., the organization's board of directors announced. She replaced Peggy Powell who retired after 15 years of service. Smith most recently served as director of alumni & development events at St. Paul's School, an international preparatory...
Strong internal controls are just one source of prevention.
Credit unions say NCUA examiners are pressuring them to keep long-term fixed assets below 35% of total assets, sacrificing income.
Pressured by NCUA examiners and concerned about interest rate risk, credit unions shed mortgages and other fixed rate assets, giving up income.
I enjoyed reading Sarah Snell Cooke’s support of paying directors. I think paid directors will give credit unions another tool to manage their credit union better.
SNL Financial report says lack of strategic thinking keeps most mergers among small credit unions who have no choice.
Every day, six days a week, a credit union closes and never re-opens. That has been going on for many years. More than 3% of credit unions have annually closed for the past decade. By 2025, the United States will have around 4,500 credit unions.
Do the math. Look to your right. Look to your left. One in three credit unions will vanish by 2025. Find out more in this week's preview from next week's print edition.
Henry Wirz remains as CEO at Sacramento credit union.
The creeping economic recovery has pushed credit unions to think more creatively to generate new revenues and efficiencies. A story we posted referring to Kern Schools Federal Credit Union last year drew an angry comment from a member recently.