Credit Union Management

CU*Answers said it has added the $348,000 Stepping Stones Community Federal Credit Union in Wilmington, Del., to its Starting a Credit Union program.

In a management succession long in the planning stage, Utahs $5.4 billion America First Federal Credit Union of Riverdale, Utah, named John Lund, executive vice president as president/CEO, effective Sept. 1.

Over the past week or so, the word billion has come up several times in industry talk on member business lending.The first billionmake that nearly $12 billionis the record number of member business loans that credit unions funded in 2011, setting a new record high based on fourth-quarter data from...

The controversies involving the liquidated St. Paul Croatian Federal Credit Union continue, with a 32-count complaint filed May 21 in U.S. District Court in Cleveland by the NCUA.

The reduced compliance burden, as a result of new NCUA rules introduced during the regulators May 24 board meeting, is worth $8 million to federally insured credit unions.

Extension to June 29 in bid to raise $75 million ahead of merger with Corporate One.