Credit Union Management

Congressional Federal Credit Union has announced that 188 members of Congress have agreed to serve as honorary race chairs for the Credit Union Cherry Blossom 10 Mile Run 5K Run-Walk.

The credit union industry has made excellent member service a cornerstone of our business model. For current credit union members, this approach seems to have worked; according to a Filene study, credit unions outperform banks for member/customer satisfaction.

The Houston-area, $37 million Space City and the $20 million Independence Parkway FCU of La Porte, Texas, plan to merge this summer.

Timothy Maudsley has been named the new president of Alaska USA Insurance Brokers.

LEVERAGE has announced plans to partner with the Pennsylvania Credit Union Association service corporation to offer Ventelligence, a vendor management system, and its ePurchasing buying platform which the League of Southeastern Credit Unions service corporation said will revolutionize the way CUs procure contracts.

The $379,000 Shepherds Federal Credit Union in Charlotte, N.C., has been liquidated by the NCUA, about 18 months after it opened its doors to serve a faith-based, low-income membership.