Given current stagnant growth, aging boards and NCUA assessments, the industry need not be surprised by more small credit union mergers, the CEO of the $1.3 billion Affinity Plus Federal Credit Union, forecast Monday.

The Defense Credit Union Council recognized three military credit unions with its "Distinguished Service Award," last week.

The $220 million 1st Financial Federal Credit Union, which ranks among the largest CUs in metro St. Louis, has promoted its president, Frank Nelson, to CEO replacing Nina Pilger who has held the post for some period.

The merger trend in Canada is based more on traditional conditions as compared to the U.S. variety, which appears to be impacted more from economic stress, the president/CEO of one of Toronto's largest CUs said.

Management of the tiny Kappa Alpha Psi Federal Credit Union of Dallas ratcheted up appeals for industry support in their challenge of the NCUA's liquidation order.

Credit union attorneys were being warned Thursday to prepare their clients for much tougher scrutiny from examiners on loan portfolios, performance ratios and much more given the negative economic climate.

Ontario, Canada may have its first major credit union merger in years.

A combination of election year politics, budget constraints and Washington travel fatigue is putting a crimp into the traditional D.C. "Hike the Hill" treks conducted by state leagues during September.